Close

Sprint Corp. (S) Offers Prelim. Q3 Results; Revenue Grew 3%, adj.-EBITDA Increased 17%

Go back to Sprint Corp. (S) Offers Prelim. Q3 Results; Revenue Grew 3%, adj.-EBITDA Increased 17%

Sprint (S) PT Raised to $8 at FBR Capital; Turnaround on Track

October 19, 2016 7:08 AM EDT

FBR Capital analyst David Dixon reiterated an Outperform rating and raised its price target on Sprint (NYSE: S) to $8.00 (from $7.00), saying the business turnaround is on track.

Dixon commented, "Our non-consensus thesis is playing out, as Sprint's turnaround story is on track with preliminary F2Q16 financial results coming in ahead of Street expectations. Rather... More