Morgan Stanley Believes 4Q13 Results Should Indicate Where to Go on Sprint Corporation

In a report published Friday, Morgan Stanley analyst Simon Flannery reiterated an Underweight rating and $5.00 price target on

. In the report, Morgan Stanley noted, “Fourth quarter results should provide a read through into how various strategic initiatives are tracking, while we expect competitive intensity to keep margins and subscriber growth pressured. Accordingly, a 2014 outlook and guidance update should be important. We remain UW.” Sprint Corporation closed on Thursday at $7.89.