Morgan Stanley Believes 4Q13 Results Should Indicate Where to Go on Sprint
In a report published Friday, Morgan Stanley analyst Simon Flannery reiterated an Underweight rating and $5.00 price target on Sprint (NYSE: S).
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 closed on Thursday at $7.89.
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