J.P. Morgan Reports Sprint Nextel Expectations Are Updated Around 1Q11

According to J.P. Morgan, Sprint Nextel S expectations are updated around 1Q11. J.P. Morgan reported that while Sprint stock has been volatile the last few months, it is coming into a period of solid catalysts and seasonally better net additions. “We rate Sprint Overweight with a $7 target, and it is our top pick on a one-year basis.” Sprint Nextel closed yesterday at $4.62.