Will This Price Target Decrease Hurt Sprint (S) Stock Today?

NEW YORK (TheStreet) -- Canaccord reduced its price target on Sprint  (S) to $5.75, reduced its estimates and set a "hold" rating. The firm cited the company's new pricing plan as the reason for the move.

The stock was up 0.69% to $5.81 in pre-market trading Wednesday.

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S Chart S data by YCharts

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