The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
Carrier
–Barclays Capital lowered its price target on Sprint Nextel to $5 from $10 an lowered its 2009 EPS estimate to a loss of 13 cents rather than a profit of 8 cents. The changes are a result of customer erosion and upward pressures on service costs due to data traffic growth.
Handset and infrastructure vendors
–Credit Suisse First Boston downgraded Ericsson to underperform from outperform on wireless infrastructure downturn.
Financial ratings wrap-up: Sprint Nextel and Ericsson
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