Piper Jaffray Maintains Overweight on Sprint

Piper Jaffray is out with its report today on Sprint S, maintaining Overweight. In its report, Piper Jaffray writes, "The Wall Street Journal reported yesterday that Sprint is to get the next generation iPhone in mid-October. This is in-line with our thoughts published earlier this summer and a positive development for the stock." Shares of S closed Tuesday at $3.59, up 10.12% from Monday's close.