This morning, Morgan Stanley increased its EPS estimates on shares of Philip Morris (NYSE:PM) through 2014 as the company's share repurchase program should add to earnings. In the report, Morgan Stanley reiterated its $90 price target and its overweight rating.
Shares of Philip Morris were higher on the news, gaining 0.7% so far.
And Citigroup raised its EPS estimates on shares of Sprint Nextel (NYSE:S) through 2012 as liquidity concerns are easing and growth prospects are improving. In the report, Citigroup maintained its buy rating and its $6 price target.
Shares of Sprint were lower by 1.6% despite the report.
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