Market Overview

UPDATE: Collins Stewart Downgrades Leap Wireless International to Neutral


Collins Stewart lowers its rating on Leap Wireless International (NASDAQ: LEAP) in continued volatility in operating trends. Price target is also cut to $12 from $18.

Collins Stewart says, "Following several volatile quarters of results and what appears to be increasing levels of competition, focused initially upon handset subsidies, it becomes increasingly difficult to recommend LEAP shares for purchase at a time when the risks for the entire US Wireless industry has increased and LEAP remains in a relatively weak position."

LEAP closed at $9.62 yesterday.


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Posted-In: Collins StewartAnalyst Color Downgrades Price Target Intraday Update Analyst Ratings

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