HSBC analyst Neale Anderson raised his price target on SoftBank shares to 7,000 yen, up from 6,150 yen, following the "clear positive" news of Sprint's (S) merger with T-Mobile US (TMUS) winning approval, which he said "provided welcome cover for a precipitous (although expected) profit decline" at the Japanese parent, which has not deconsolidated Sprint yet. While he cut his March 2020/21 operating profit estimates by 75% and 14%, respectively, due to Vision Fund losses and trimmed his revenue estimates, Anderson said a higher value for Sprint and Alibaba (BABA) are the main drivers of his price target increase. He keeps a Buy rating on SoftBank shares.