Market Overview

UPDATE: Janco Partners Upgrades Sprint Nextel on New Pricing Plans

Share:

In a report published Friday, Janco Partners analyst Gerard Hallaren upgraded the rating on Sprint Nextel (NYSE: S) to Strong Buy, and reiterated the $9.00 price target.

In the report, Janco Partners noted, “Sprint's new pricing plans offer far more competitive pricing than the older ones. With the exception of mobile hotspot pricing, Sprint now offers generally lower prices than Verizon, or AT&T. We think this price adjustment is long overdue. It also seems to represent a newer more aggressive and more economically motivated Sprint than was present before SoftBank's restructuring. We are raising our opinion on Sprint shares to Strong Buy (1) and are maintaining our $9.00 long-term price target.”

Sprint Nextel closed on Thursday at $0.00.

Latest Ratings for S

DateFirmActionFromTo
Jun 2018Raymond JamesUpgradesMarket PerformOutperform
May 2018JefferiesUpgradesUnderperformHold
Apr 2018CitigroupMaintainsNeutralNeutral

View More Analyst Ratings for S
View the Latest Analyst Ratings

Posted-In: Gerard Hallaren Janco PartnersAnalyst Color Upgrades Analyst Ratings

 

Related Articles (S)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
PEPMorgan StanleyReiterates137.0
AZRXH.C. WainwrightMaintains7.0
PEPMacquarieMaintains138.0
POLBuckinghamMaintains36.0
BKBuckinghamMaintains53.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
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.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

UPDATE: Imperial Capital Downgrades Ascent Capital Group on Comparative Valuation

KNOT Shuttle Tankers AS Acquires Carmen Knutsen for $145.0M