Market Overview

UPDATE: Goldman Sachs Removes Rating, PT on Sprint Nextel Corporation

Related S
Google To Introduce Wireless Services That Switches Between Carriers
Oppenheimer Downgrades Sprint As Price War Hits Margins
Dish Auction Bids Top Views; Will Verizon Bargain? (Investor's Business Daily)

In a report published Wednesday, Goldman Sachs Group removed its rating and price target on Sprint Nextel Corporation (NYSE: S).

Goldman Sachs noted, “The Americas Investment Review Committee has determined that the ratings and price target for Sprint Nextel Corp. (S) should be removed. Goldman Sachs is acting as a financial advisor in connection with a transaction that is fundamental to the reasonable analysis of the rating and price target for this stock. This ‘Not Rated' status will continue until such time as sufficient information is available, and/or contingencies appear resolved, to allow such analysis. Earnings estimates during this period will be made without regard to the proposed transaction.”

Sprint Nextel Corporation closed on Tuesday at $5.51.

Latest Ratings for S

Jan 2015OppenheimerDowngradesPerformUnderperform
Jan 2015BarclaysMaintainsEqual-weight
Dec 2014OppenheimerDowngradesPerformUnderperform

View More Analyst Ratings for S
View the Latest Analyst Ratings

Posted-In: Goldman Sachs GroupAnalyst Color Termination Analyst Ratings


Related Articles (S)

Around the Web, We're Loving...

Get Benzinga's Newsletters