Deutsche Bank Maintains Buy Rating On Sprint Nextel

According to Deutsche Bank, Sprint Nextel S Buy rating is maintained. Deutsche Bank said that its $6 PT is based 50/50 on 2012E EV/EBITDA ($5: 5.3x) and DCF ($7: 12% WACC, 2% TGR). “Risks include price competition, inability to sustain improving post paid trends, margin pressures and poor performance and/or funding gaps at Clearwire.” Sprint Nextel closed yesterday at $3.74.