UPDATE: Credit Suisse Raises PT to $6 on Sprint on Network Vision Data

Credit Suisse reiterated its Outperform rating on Sprint Nextel S and raised its price target from $4 to $6. Credit Suisse noted, "We are updating our estimates to reflect three things: 1) additional data on Network Vision now that we are two quarters into the project; 2) reclassification of some Network Vision expenses out of EBITDA; 3) a more granular analysis of the impact of device costs on CPGA and CCPU. We are increasing EBITDA estimates and our price target on the heels of this analysis." Sprint Nextel closed at $3.46 on Monday.