Piper Jaffray has upgraded its rating from Neutral to Overweight and has increased its price target from $5 to $6.50 on Sprint Nextel Corp. S.
Says Piper Jaffray, in its report, “We are upgrading Sprint to Overweight on improving operational trends, that we think are sustainable through 2012 – chiefly better ARPU, coupled with an improved strategic outlook for the next generation (4G) network build and corporate structure. We are increasing our target to $6.50 from $5.00.”
S closed at $5.33 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorUpgradesPrice TargetAnalyst RatingsPiper Jaffray & Co.Sprint Nextel Corp.Telecommunication ServicesWireless Telecommunication Services
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in