Sprint Nextel (S +3.5%) shares rally on Piper Jaffray's upgrade to Overweight from Neutral,...

|By:, SA News Editor

Sprint Nextel (S +3.5%) shares rally on Piper Jaffray's upgrade to Overweight from Neutral, which notes "improving operational trends" including improved revenue per customer, and increased confidence in its 4G network build. The pending merger of AT&T (T) and T-Mobile (DTEGY.PK) could “shake some gross add share loose” for Sprint.