Credit Suisse Raising Estimates On Clearwire

Credit Suisse is raising earnings estimates on Clearwire CLWR. It has an Outperform rating and a $6 price target on shares. In a note to clients, Credit Suisse writes, "We are taking up estimates. We are now well above consensus EBITDA for 2Q11, 2011 and 2012. Based on our new estimates, Clearwire should be free cash flow break even in 2013 and is basically fully funded for the existing business plan (additional capital still required to expand footprint and overlay network with LTE)." Shares of CLWR closed at $3.61 yesterday.