Shares of Sprint Respond to Cowen Downgrade

By: Benzinga
Cowen analyst Colby Synesael lowered Sprint's (NYSE: S ) rating from Outperform to Market Perform and raised the price target from $7.50 to $8.25. Synesael noted that Sprint appears to be fairly valued with additional near-term upside unlikely. The analyst added that SoftBank won't likely purchase the remaining 20% of
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