Scalper1 News
UBS lowered its price target on Sprint (S) and warned that Q4 pricing discounts and aggressive promotions during the holiday shopping season likely will drag down margins for wireless phone companies. “The Sprint turnaround will take longer and cost more than is currently baked into (analysts’) expectations,” said UBS analyst John Hodulik, who lowered his price target on Sprint to 5 from 6. “The company’s financial needs are larger than we had Scalper1 News
Scalper1 News