On Thursday, analysts at Credit Suisse upgraded shares of Sprint Corporation S to Neutral from Underperform with a $6 price target.
Analysts find, “Softbank is flush with liquidity from the Alibaba IPO that could be used to acquire the remaining 20% of Sprint. Finally, we expect Sprint to turn net add positive in 4Q14, which could be a catalyst; although we are not convinced it would portend a long-term fix of the business.”
Joseph Mastrogiovanni mentioned, “given the new CEO and strategy any positive data from Sprint could act as a short term catalyst.”
Shares of Sprint Corp. recently traded at $6.05 up 0.83 percent Thursday morning.
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