Market Overview

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

Share:
Related S
Mid-Day Market Update: Wednesday's Top Volume Stocks
Will iPhone Sales Decline If Subsidies Are Abandoned?
Sprint Perks Up Investment, Jobs in Chicago to Boost Network (Zacks)

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

DateFirmActionFromTo
Aug 2015FBR CapitalUpgradesMarket PerformOutperform
Aug 2015BarclaysMaintainsEqual-weight
Jul 2015JefferiesMaintainsUnderperform

View More Analyst Ratings for S
View the Latest Analyst Ratings

Posted-In: Goldman Sachs GroupAnalyst Color Termination Analyst Ratings

 

Related Articles (S)

Get Benzinga's Newsletters