Sprint Showing Improvement But Concerns Remain

Piper Jaffray has published a research report for currently Underweight rated Sprint Nextel Corporation (NYSE: S) since recent checks suggest improvement in Sprint's postpaid sector.

However, Piper Jaffray writes that "[c]oncerns remain. Despite the signs of a turnaround to fundamentals for Sprint, we remain cautious due to the likely funding requirements for Clearwire (NASDAQ: CLWR) and near-term impact on free cash flow from network modernization efforts."

Sprint Nextel Corporation closed yesterday at $4.36.

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