Market Overview

UPDATE: Collins Stewart Downgrades Leap Wireless International to Neutral

Share:

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.

 

Related Articles (LEAP)

View Comments and Join the Discussion!

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

Latest Ratings

StockFirmActionPT
JNJCantor FitzgeraldMaintains200.0
PCTYJMP SecuritiesMaintains220.0
ADIBarclaysMaintains170.0
AMATBarclaysMaintains115.0
KMBRBC CapitalMaintains147.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com