Sprint Outlook 'Bullish,' Wells Fargo Analyst Says

The outlook for Sprint is “bullish,” based on a meeting she had last week with top executives, Wells Fargo analyst Jennifer Fritzsche wrote investors Monday. “There are many good things happening at Sprint right now operationally, with its capital structure and with its network improvement,” she wrote. “The biggest challenge [Sprint] has right now is improving the brand image and adjusting its distribution to help with this brand building effort. That said, it is difficult for us to identify any near term negative headline to derail the shares beyond macro noise.” CEO Marcelo Claure characterized Sprint as "in a good place" on subscriber churn, Fritzsche said. Sprint said permitting for its small-cell deployment is ahead of schedule, she wrote. “Sprint carries more ‘tonnage per subscriber’ of data than any other carrier in the US -- yet it is using only less than 25 percent of its 2.5 GHz spectrum holdings.”