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Fly News Breaks for January 22, 2016
S
Jan 22, 2016 | 08:06 EDT
JPMorgan analyst Philip Cusick says his firm has been getting dozen of calls from investors about Sprint with the stock down again to the $2 range. The analyst does not see any near-term liquidity issues and believes near-term cash burn fears in 2016 are overdone. Nonetheless, Cusick remains "wary" on the shares over the long term given Sprint's "leverage and competitive challenge." He keeps a Neutral rating on the stock with a $2.50 price target.
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