CIBC World Lowers Sprint PCS to 'Hold'

Analyst Cannon Carr thinks the next 12 to 18 months will be challenging for wireless stocks given unstable fundamentals

CIBC World downgraded Sprint PCS (PCS ) and Nextel (NXTL ) to hold from buy, and downgraded AT&T Wireless (AWE ) and Nextel Partners (NXTP ) to buy from strong buy.

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