UPDATE: McAdams Wright Ragen Downgrades Clearwire to Sell, Drops Coverage

McAdams Wright Ragen reduced its rating on Clearwire (NASDAQ: CLWR ) from Hold to Sell and then dropped coverage on the stock. McAdams Wright Ragen commented, "Clearwire shares are rallying on Sprint's offer to acquire the remaining portion of Clearwire it does not already own. Under the proposed terms, Sprint