Analysts: Sprint’s New Bid For Clearwire Should Pass and 3 More Research Notes to Read
Sprint (NYSE:S): Wells Fargo believes that Sprint’s revised offer for Clearwire — at $3.40 per share — is enough to close the deal, and will be approved by shareholders. Wells Fargo keeps an Outperform rating on Sprint, and a Market Perform on Clearwire.
Stifel Financial (NYSE:SF): Based on expectations that volumes are likely to get better, Wells Fargo has upgraded Stifel to Market Perform, and raised its price target range for shares to $31-$36 from $29-$33.
VF Corp. (NYSE:VFC): Citing valuation concerns and limited upside potential to the consensus estimates, Wells Fargo has downgraded VF Corp. from Outperform to Market Perform, although it maintains its $182-$194 price target range for shares.
Deutsche Bank (NYSE:DB): JPMorgan has downgraded Deutsche Bank from Overweight to Neutral, based on capital concerns as a result of tougher regulations.
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