Market Overview

UPDATE: Credit Suisse Initiates Coverage on Sprint on Full Valuation, Downside Risk

Related S
Sprint (S) is Oversold: Can It Recover? - Tale of the Tape
The 10 Most-Respected Corporate Brands
Get a New iPhone for $29 (Fox Business)

In a report published Wednesday, Credit Suisse analyst Joseph Mastrogiovanni initiated coverage on Sprint Corporation (NYSE: S) with an Underperform rating and $5.50 price target.

In the report, Credit Suisse noted, “While Sprint should achieve significant EBITDA growth over the next two years, we believe this is already reflected in valuation. Initiatives in 2014 to improve subscriber trends could put pressure on margins, resulting in multiple contraction.”

Sprint Corporation closed on Tuesday at $6.39.

Posted-In: Credit Suisse Joseph MastrogiovanniAnalyst Color Initiation Analyst Ratings

 

Most Popular

Related Articles (S)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free