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Analyst downgrades Sprint

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Analyst downgrades Sprint

Pacific Crest analyst Michael Bowen downgraded to "underweight"from "sector weight," pointing that the company lacks competitivetools other than price.

Bowen expects Sprint to report Q1 net postpaid additions andchurn worse than his previous expectations, TheFly.com reported April 13.

He also labeled the stock a "tactical short" intoearnings.

Bowen contended that the company's 2016 guidance should notbe taken at face value, adding that the company has a long turnaround ahead ofit.