Sprint +2.1% on Macquarie upgrade

|About: Sprint Corporation (S)|By:, SA News Editor

Believing there's a 70% chance a T-Mobile deal will go through, Macquarie has upgraded Sprint (S) to Outperform.

Macquarie downgraded Sprint to Neutral on Dec. 2, when shares were at $8.39. Prior to that, it upgraded to Outperform on Oct. 16, when shares were at $6.03.

Investors remain more skeptical a T-Mobile deal will go through, as evidenced by the fact T-Mobile shares trade 15% below a reported $40/share merger price.

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