Sprint is downgraded to 'underperform,' and UPS is downgraded to 'sector perform.'
Even if Sprint gets ditched on a consolidation dance, it may end 2012 as the telecom sector prom queen.
Boston Beer is downgraded to 'sell' at UBS, and Molson Coors is downgraded to 'underweight' at Morgan Stanley.
But the telecom's fortunes will rise or fall depending on how it handles Apple's new iPhone 5, according to one industry bear.
The company sells a record 2 million-plus units in the first 24 hours of preordering.
Some partners still appear to be selling the phone for the Sept. 21 release date. But Apple's online store, overwhelmed early Friday morning, is cleared out.
Will the smartphone's reality match its enormous hype?
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The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
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