Cowen Upgrades Sprint Nextel To Outperform

Analysts at Cowen & Company upgraded Sprint Nextel

from Market Perform to Outperform. Sprint Nextel shares have dropped 1.79% over the past 52 weeks, while the S&P 500 index has gained 18.65% in the same period. Sprint Nextel's shares rose 1.22% to $6.65 in pre-market trading.