Why Sprint (S) Stock Is Declining Today

NEW YORK (TheStreet) -- Sprint (S) shares are down -3.4% to $5.43 on Wednesday after the stock's "underperform" rating was reiterated by analysts at Jefferies (JEF)  , while the firm lowered the company's price target to $4 from $7. 

The firm expects the response to the company's newly announced pooled data plan to be muted due to timing, weeks before the launch of the iPhone 6, and continuing network issues.

For more on Sprint's new data plan, watch the video below:

 


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