Sprint Nextel "buy"

08/17/05 - Deutsche Securities

NEW YORK, August 17 (newratings.com) - Analysts at Deutsche Bank Securities maintain their "buy" rating on Sprint Nextel Corp (S). The target price is set to $29.

In a research note published yesterday, the analysts mention that the company’s Sprint Local unit would be structured in order to meet the investment grade requirements. Sprint Nextel expects its Sprint Local unit to continue boosting its business, the analysts say.