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Bank of America Maintains Buy Rating and $14 PT on Leap Wireless International

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A report from Bank of America reiterates its Buy rating and $14 price target on Leap Wireless International (NASDAQ: LEAP).

The report states, “The third quarter is typically a seasonally softer quarter for Leap and we would expect this seasonality to continue in 3Q. We are currently projecting total net losses of 40k, up from a loss of 103k in 2Q and a loss of 200k in 3Q10. We will look for Leap to discuss how competition and typical seasonal forces impacted subscriber trends in the quarter, as well as any initial insights to subscriber trends so far in 4Q."

LEAP closed Friday at $6.85.

Posted-In: Bank of AmericaAnalyst Color Earnings News Reiteration Analyst Ratings

 

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