Shares of Sprint Respond to Cowen Downgrade
January 02, 2014 at 15:19 PM EST
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
