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