Morgan Stanley Sees Challenging Path to Recovery for Sprint Corporation
February 12, 2014 at 08:44 AM EST
In a report published Wednesday, Morgan Stanley analyst Simon Flannery reiterated an Underweight rating and $5.00 price target on Sprint Corporation (NYSE: S ). In the report, Morgan Stanley noted, “Wireless industry growth is slowing, with penetration at +100%. New subscribers to the industry are generally of lower value. Sprint's