In addition to Verizon (see here), UBS downgrades Sprint (S -1.35% to $5.84) to "Neutral" from "Buy" but maintains its price target at $6. Sprint will "remain range bound in the near term given our expectations for lower Q4 profitability," says UBS, although it expects the telecom operator to complete its proposed acquisition of Clearwire (CLWR) despite the uncertainty.
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