Sprint Sliced Off Short-Term Buy List and 2 Ringing Telecom Titans
AT&T, Inc. (NYSE:T): Following a meeting with the CFO of Synchronoss (NASDAQ:SNCR), Stifel Nicolaus does not believe its AT&T business is decreasing, but the firm dropped its price target for the shares from $44 to $36 because it believes that it may take another six to 9 months before stocks reach levels seen before Q1. Stifel reiterates a Buy rating. The shares closed up $0.02 (0.06%) Friday at $35.71.
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Sprint Nextel Corp. (NYSE:S): Sprint was removed from Deutsche Bank’s short-term buy list. The shares closed down $0.01 (0.32%) Friday at $3.09.
Verizon Communications Inc. (NYSE:VZ): As a result of Motorola’s promise to Razr and Razr Maxx owners that upgraded for Android 4.0 Ice Cream Sandwich will begin in Q2, Verizon and Moto rush to meet the same deadline. The shares closed down $0.20 (0.46%) Friday at $43.55.
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