Wells Fargo Lifts Target Range On Sprint By ~40%, Sees 2015 As The 'Key'

Wells Fargo's Jennifer Fritzsche boosted her valuation range on shares of Sprint (NYSE: S ) by more than 40 percent Thursday afternoon, from $7.75-8.25 to $11-11.75. The analyst maintains an Outperform rating on the stock. Fritzsche cited several factors expanding margins; a possibility for M&A; and the value of spectrum.2015 will be very