Bank of America Maintains Underperform Rating and $8 PT on MetroPCS Communications

A report from Bank of America reiterates its Underperform rating and $8 price target on MetroPCS Communications (NYSE: PCS).

The report states, “The company continues to believe that its target demographic has been disproportionately impacted by a slower economic growth environment. We will look for any insights from MetroPCS on how the economy is specifically impacting its customer base, including rate plan take rates, churn, and other specific buying behavior."

PCS closed Friday at $8.94.