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Recommend Is Sprint Headed for Bankruptcy? (Email)

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According to an article on Reuters, Bernstein analyst Craig Moffett downgraded Sprint shares to "underperform" from "market-perform" saying that the company will face "new and larger risks" if Apple launches a high-speed iPhone."To be clear, we are not predicting a Sprint bankruptcy. We are merely acknowledging that it is a very legitimate risk. And notwithstanding a recent rally in Sprint shares, we believe that risk is rising," Moffett said in a research note.


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