Macquarie Analyst Raises Price Target on Sprint Corp (S) Following Signs of Network Improvements
Macquarie analyst Amy Yong weighs in on Sprint Corp (NYSE: S), reiterating an Outperform rating and raising her price target to $5.50.
According to Yong, now that bankruptcy fears have been eliminated, the next operator for share appreciation will depend on an operational turnaround. Yong explains, “While we don’t expect sub metrics to reaccelerate until early CY17, we see signs of network improvement”.
According to TipRanks, Yong has a 68% success rate with an average annual return of 13.2% per recommendation.