Scalper1 News
Verizon (VZ) was downgraded, and Sprint’s price target and debt rating dropped, as analysts say the wireless price war and rising debt will hurt wireless stocks. Sprint’s (S) aggressive promotions will likely curb subscriber losses, but the struggling wireless phone company will burn more cash, says MoffettNathanson, which on Thursday lowered its price target on Sprint stock to 2 from 4. The wireless industry price war also has pummeled the stocks Scalper1 News
Scalper1 News