Guggenheim Downgrades Clearwire (CLWR) to Neutral, Higher Bid 'Uncertain'
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Rating Summary:
2 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 8
Rating Summary:
2 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 8
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Guggenheim downgraded Clearwire (NASDAQ: CLWR) from Buy to Neutral saying a material higher bid than Sprint's (NYSE: S) current $2.90/share offer is "uncertain".
The firm said the most likely outcome is a modest increase to the original offer, possibly in the $3-$3.50/share.
For an analyst ratings summary and ratings history on Clearwire click here. For more ratings news on Clearwire click here.
Shares of Clearwire closed at $3.16 yesterday.
The firm said the most likely outcome is a modest increase to the original offer, possibly in the $3-$3.50/share.
For an analyst ratings summary and ratings history on Clearwire click here. For more ratings news on Clearwire click here.
Shares of Clearwire closed at $3.16 yesterday.
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