Wells Fargo & Co. (NYSE: WFC) analysts reiterated an “outperform” rating on shares of Sprint-Nextel Corp (NYSE: S) with a valuation range of $5.50 to $5.75 citing positive near-term news flow for spring because of the company’s rollout of a 4G network.

Sprint Nextel Corporation (Sprint) is a holding company that offers a range of wireless and wireline communications products and services for individual consumers, businesses, government subscribers and resellers. The Company operates in two business segments: Wireless and Wireline. The Company offers wireless and wireline voice and data transmission services to subscribers in all 50 states, Puerto Rico and the United States Virgin Islands under the Sprint corporate brand which includes its retail brands consisting of Sprint, Nextel, Boost Mobile, Virgin Mobile and Assurance Wireless on networks that utilize code division multiple access (CDMA), integrated Digital Enhanced Network (iDEN), or Internet protocol (IP) technologies. On November 24, 2009, the Company completed the acquisition of Virgin Mobile USA, Inc. On December 4, 2009, the Company completed the acquisition of iPCS, Inc.

Shares of Sprint (NYSE: S) rose by 3.14% hitting $4.27 during mid-day trading on Thursday.

This article (Wells Fargo & Co. (NYSE: WFC) Reiterates “Outperform” Rating on Sprint-Nextel (NYSE: S)) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.

FormFactor (NASDAQ: FORM)’s stock price target was cut in half by analysts at Barclays (NYSE: BCS) from $12.00 to $6.00 in a research note to investors on Thursday. The analysts also cut earnings per share losses for 2010 and 2011 to $2.30 and $1.60 saying that the company continues to burn cash, in a research note to investors on Thursday.

FormFactor, Inc. (FormFactor) designs, develops, manufactures, sells and supports precision semiconductor wafer probe cards. The Company has facilities in United States, Japan, Germany, Taiwan, Italy, South Korea and Singapore and the People’s Republic of China. Semiconductor manufacturers use the Company’s wafer probe cards to perform wafer sort and test on the semiconductor die, or chips, on the whole semiconductor wafer prior to singulation of the wafer into individual chips. FormFactor offers products and solutions that are custom designed for semiconductor manufacturers’ wafer designs. The Company’s MicroSpring interconnect technology, which includes resilient spring-like contact elements, enables it to produce wafer probe cards for applications that require reliability, speed, precision and signal integrity.In October 2009, the Company completed the acquisition of certain precision motion control automation assets from Electroglas.

Shares of FORM traded up 4.32% hitting $7.25 during mid-day trading on Thursday.

This article (Barclays (NYSE: BCS) Cuts Price Target in Half on FormFactor (NASDAQ: FORM)) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.

Apple (NASDAQ: AAPL) was given a “buy” rating by shares of Needham & Co, with a price target of $375.00 citing apple’s revamped line of iPods for the holiday season.

Apple Inc. (Apple) designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, and sells a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, and third-party wholesalers, resellers, and value-added resellers. In addition, the Company sells a variety of third-party Macintosh (Mac), iPhone and iPod compatible products, including application software, printers, storage devices, speakers, headphones, and various other accessories and peripherals through its online and retail stores, and digital content and applications through the iTunes Store. The Company sells to consumer, small and mid-sized business (SMB), education, enterprise, government and creative customers. In December 2009, the Company acquired digital music service Lala.

Shares of AAPL traded up 0.29% hitting $251.06 during mid-day trading on Thursday.

This article (Apple Given “Buy” Rating by Needham & Co (NASDAQ: AAPL)) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.