Collins Stewart Upgrades Sprint (S) to Buy; Attractive Valuation
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Price: $22.38 -6.67%
Rating Summary:
22 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 19
Rating Summary:
22 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 19
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Collins Stewart upgraded Sprint (NYSE: S) to Buy with a price target of $5, citing compelling valuation.
The firm states, "We are upgrading Sprint to Buy from a long standing Neutral during this time of extreme volatility that have caused Sprint shares to under perform the S&P 500 index after outperforming the index for the first half of the year. With fairly low expectations for 2H11 and 2012, with a stock now trading at 4.6x estimated."
For more ratings news on Sprint click here and for the rating history of Sprint click here.
Shares of Sprint closed at $3.48 yesterday.
The firm states, "We are upgrading Sprint to Buy from a long standing Neutral during this time of extreme volatility that have caused Sprint shares to under perform the S&P 500 index after outperforming the index for the first half of the year. With fairly low expectations for 2H11 and 2012, with a stock now trading at 4.6x estimated."
For more ratings news on Sprint click here and for the rating history of Sprint click here.
Shares of Sprint closed at $3.48 yesterday.
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