CLEARWIRE CORP (CLWR)

[blulotus]

Guggenheim Partners’s Shing Yin in response issues a call for a “short-term trading” opportunity in Cleawire stock up to $5 to $6 per share, even though Yin’s formal price target is $3 on the stock, arguing that Softbank (9984JP), Sprint’s partner, may need to bid directly for Clearwire.

“In order to secure its Sprint/Clearwire deals, we think Softbank should bid for Clearwire within the next week and believe that a bid would likely have to be in the $5-6/share range in order to successfully deter DISH from raising its bid,” writes Yin.

“We therefore believe Clearwire shares could trade up to $5-6 over the next several weeks.”