Market Overview

BMO Maintains Market Perform Rating and $4 PT on Sprint Nextel


A report from BMO reiterates its Market Perform rating and $4 price target on Sprint Nextel (NYSE: S).

The report states, “We are maintaining our Market Perform rating reflecting our concerns about the shorter term outlook for the company and high execution risk from the accelerated deployment schedule of Network Vision. The availability of the iPhone is a positive long-term development but is expected to add further pressure to near-term margins at a time when Sprint may have to access debt markets over the next 12-24 months”.

S closed Friday at $2.41.

Posted-In: BMO Capital MarketsAnalyst Color Reiteration Analyst Ratings


Related Articles (S)

View Comments and Join the Discussion!

Latest Ratings

TSLANew StreetMaintains800.0
PXDSunTrust Robinson HumphreyMaintains150.0
ARWRSVB LeerinkInitiates Coverage On32.0
EIXSunTrust Robinson HumphreyMaintains88.0
FANGSunTrust Robinson HumphreyMaintains137.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at