According to Piper Jaffray, Sprint Nextel S continues to be rated Overweight.
Piper Jaffray said that, “Our $6.00 target is based on our DCF analysis to 2015, using a NT cost of capital of 8.6%, a terminal cost of capital of 7.3% and terminal growth rate of 2.0%.”
Sprint Nextel closed yesterday at $3.74.
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Posted In: Analyst ColorAnalyst RatingsPiper JaffrayTelecommunication ServicesWireless Telecommunication Services
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