Jefferies is out with its report today on MetroPCS Communications PCS, raising its price target from $15 to $16.
In a note to clients, Jefferies writes, "We expect continued growth to highlight the operating leverage & drive FCF. The roll-out of LTE will enable PCS to enhance its products and services resulting in higher ARPU. We reiterate our Buy rating and increase our P/T to $16."
Shares of PCS closed Thursday at $13.53.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsJefferiesmetroPCS communicationsTelecommunication ServicesWireless Telecommunication Services
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