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

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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.

Latest Ratings for S

DateFirmActionFromTo
Jul 2016Morgan StanleyMaintainsUnderweight
Jul 2016Pacific CrestUpgradesUnderweightSector Weight
Jul 2016FBR CapitalMaintainsOutperform

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

 

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