Market Overview

UPDATE: Piper Jaffray Raises PT to $4 on Leap Wireless International on Lower Capex Forecast

Related LEAP
Honeywell's LEAP to Reduce Automation Costs - Analyst Blog
AT&T Wins FCC Approval - Acquires Leap And Cricket
FCC Approves AT&T's Leap Wireless Buyout (Fox Business)

Piper Jaffray reiterated its Neutral rating on Leap Wireless International (NASDAQ: LEAP) but increased its price target from $3.50 to $4.

Piper Jaffray said, "We are updating our model for Leap Wireless and raising our price target to $4; the price target raise stems primarily from a lower capex forecast. On November 7, Leap reported 3Q12 results; service revenues were slightly less than expected, while EBITDA was materially short of forecast on higher subscriber costs. Subscriber losses were slightly worse than expected on higher churn. We continue to rate Leap Neutral."

Leap Wireless International closed at $5.59 on Tuesday.

Latest Ratings for LEAP

DateFirmActionFromTo
Dec 2013BarclaysDowngradesOverweightEqual-weight
Nov 2013Deutsche BankUpgradesSellHold
Aug 2013Raymond JamesDowngradesMarket PerformUnderperform

View More Analyst Ratings for LEAP
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (LEAP)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters