Company News: S, UBS, RL, CMG, BAC, WMT

• Sprint Nextel (NYSE:S) reported a Q4 loss of $0.31 cents per share, higher than the Zacks Consensus Estimate of a loss of $0.30 cents per share. Revenues totaled $8.30 billion higher than the Zacks Consensus Estimate of $8.178 billion

• UBS (NYSE:UBS) is reportedly lifting its target price on shares of Ralph Lauren (NYSE:RL) to $140 from $122, as the banks foresees accelerating demand for the apparel maker’s products

• Chipotle Mexican Grill (NYSE:CMG) posted its fourth quarter earnings results posting a Q4 EPS of $1.47 ahead of the Zacks Consensus Estimate of $1.30. Revenues for the quarter rose 24.5% to $482.5 million beating the Zacks Consensus Estimate of $468.0 million

• Banking-giant Bank of America (NYSE:BAC) is reportedly making arrangements to close some retail branches in order to concentrate on other branches generating revenues. The bank is also planning to offer investment advice through video conferencing in other branches

• UBS downgraded Wal-Mart Stores (NYSE:WMT) from buy to a neutral rating. The share prices of the retailer closed at $55.59 after falling by 2.01%

SPRINT NEXTEL (S): Free Stock Analysis Report
UBS AG (UBS): Free Stock Analysis Report

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