Sprint (S) Shares Continue Lower; Downgraded Five Times Following Meeting Disaster

October 10, 2011 9:24 AM EDT
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Shares of Sprint Nextel Corp. (NYSE: S) are continuing lower Monday as five firms have downgraded the stock this morning.

Raymond James, J.P. Morgan, Kaufman Bros., Collins Stewart, and Deutsche Bank lowered their investment outlook on Sprint following a disasterous Investor meeting last Friday. After trading up as much as 12 percent earlier, Sprint shares closed almost 20 percent lower Friday.

Click here to see the changes and outlook made by the five firms.

Shares are down 3.3 percent ahead of the bell Monday.


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