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UPDATE: Jefferies Downgrades Leap Wireless International to Underperform

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Jefferies downgraded Leap Wireless International (NASDAQ: LEAP) from Hold to Underperform and lowered the price target from $6.00 to $5.00.

Jefferies noted, "Business trends have been weak in 2012 and we forecast that to continue, competition is getting more intense, and Leap has limited financial flexibility. We do not view Leap's spectrum as a "must-have" asset, and even if there is interest, we do not see any significant activity until 2H13."

Leap Wireless International closed at $6.33 on Wednesday.

Latest Ratings for LEAP

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

View More Analyst Ratings for LEAP
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Posted-In: JefferiesAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings


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