Market Overview

UPDATE: Jefferies & Company Upgrades Sprint Nextel to Hold, Raises PT

Share:
Related S
What's Up With Sprint And T-Mobile?
Everything You Need To Know About Apple Watch Series 3 And Apple 4K TV
T-Mobile, Sprint merger talks underway: Report (Fox Business)

In a report published Monday, Jefferies & Company upgraded its rating on Sprint Nextel Corporation (NYSE: S) from Underperform to Hold, and raised its price target from $3.00 to $7.00.

Jefferies noted, “It is playoff season in baseball, and in a move best described as from out of left field, Sprint confirmed on Thursday that it was in discussions with Japan-based Softbank. With consolidation fever in the air, we take our rating on Sprint to Hold from Underperform, our PT goes to $7 from $3.”

Sprint Nextel Corporation closed on Friday at $5.73.

Latest Ratings for S

DateFirmActionFromTo
Apr 2017SunTrust Robinson HumphreyInitiates Coverage OnHold
Jan 2017Evercore ISI GroupInitiates Coverage OnHold
Sep 2016BarclaysMaintainsEqual-Weight

View More Analyst Ratings for S
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Upgrades Analyst Ratings

 

Related Articles (S)

View Comments and Join the Discussion!
Loading...
Loading...