Leap Wireless (NASDAQ: LEAP), Ingersoll-Rand (NYSE: IR), Illinois Tool Works Inc. (NYSE: ITW), Jack Henry & Associates, Inc. (NASDAQ: JKHY), Lennox International Inc. (NYSE: LII) and Ford (NYSE: F) getting new coverage from analysts.
Morgan Stanley (NYSE:MS) initiated coverage on Ingersoll-Rand (IR). They placed an “Overweight” rating and a price target of $39.00 on the company.
Morgan Stanley initiated coverage on Illinois Tool Works Inc. (ITW). They placed an “Equal Weight” rating and a price target of $54.00 on the company.
Evercore Partners initiated coverage on Jack Henry & Associates, Inc. (JKHY). They placed an “Equal Weight” rating on the company.
Guggenheim initiated coverage on Leap Wireless (LEAP). They placed a “Buy” rating on the company.
Morgan Stanley initiated coverage on Lennox International Inc. (LII). They placed an “Underweight” rating on the company.
Guggenheim initiated coverage on Ford (F). They placed a “Neutral” rating on the company.
Showing posts with label Leap Wireless. Show all posts
Showing posts with label Leap Wireless. Show all posts
Friday, January 6, 2012
Thursday, January 5, 2012
Leap (LEAP) (ITW) (JKHY) (PHH) (ATW) (BCS) Ratings, Price Targets
Leap Wireless (NASDAQ: LEAP), Illinois Tool Works Inc. (NYSE: ITW), Jack Henry & Associates, Inc. (NASDAQ: JKHY), PHH Co. (NYSE: PHH), Atwood Oceanics, Inc. (NYSE: ATW) and Barclays Capital (NYSE: BCS) ratings and price targets.
Illinois Tool Works Inc. (ITW) is now covered by Morgan Stanley (NYSE:MS). They have an “equal weight” rating and a price target of $54.00 on the firm.
Jack Henry & Associates, Inc. (JKHY) is now covered by Evercore Partners. They have an “equal weight” rating on the firm.
Leap Wireless (LEAP) is now covered by Guggenheim. They have a “buy” rating on the firm.
PHH Co. (PHH) had its price target lowered by Sterne Agee to $20.00.
Atwood Oceanics, Inc. (ATW) was downgraded by Global Hunter Securities from a “buy” rating to an “accumulate” rating. They have a price target of $47.00 on the firm, down from $54.00.
Barclays Capital (BCS) was upgraded by RBC Capital from a “sector perform” rating to an “outperform” rating.
Illinois Tool Works Inc. (ITW) is now covered by Morgan Stanley (NYSE:MS). They have an “equal weight” rating and a price target of $54.00 on the firm.
Jack Henry & Associates, Inc. (JKHY) is now covered by Evercore Partners. They have an “equal weight” rating on the firm.
Leap Wireless (LEAP) is now covered by Guggenheim. They have a “buy” rating on the firm.
PHH Co. (PHH) had its price target lowered by Sterne Agee to $20.00.
Atwood Oceanics, Inc. (ATW) was downgraded by Global Hunter Securities from a “buy” rating to an “accumulate” rating. They have a price target of $47.00 on the firm, down from $54.00.
Barclays Capital (BCS) was upgraded by RBC Capital from a “sector perform” rating to an “outperform” rating.
Tuesday, January 3, 2012
PLX (PLXT) (GCI) (LEAP) (WU) (CBB) (FTR) Ratings, Price Targets
PLX Technology Inc. (NASDAQ: PLXT), Gannett (NYSE: GCI), Leap Wireless (NASDAQ: LEAP), The Western Union Company (NYSE: WU), Cincinnati Bell (NYSE: CBB) and Frontier Communications (NASDAQ: FTR) ratings and price targets.
ThinkEquity initiated coverage on PLX Technology Inc. (PLXT). They placed "Buy" rating and price target of $4 on the company.
Gannett (GCI) had its “Neutral” rating reiterated by Zacks Investment Research
Leap Wireless (LEAP) had its “Market Perform” rating reiterated by Wells Fargo & Co. (NYSE: WFC).
The Western Union Company (WU) had its “Outperform” rating reiterated by Wells Fargo & Co.
Piper Jaffray initiated coverage on Cincinnati Bell (CBB). They placed a "Neutral" rating on the company.
Piper Jaffray initiated coverage on Frontier Communications (FTR). They placed a "Neutral" rating on the company.
ThinkEquity initiated coverage on PLX Technology Inc. (PLXT). They placed "Buy" rating and price target of $4 on the company.
Gannett (GCI) had its “Neutral” rating reiterated by Zacks Investment Research
Leap Wireless (LEAP) had its “Market Perform” rating reiterated by Wells Fargo & Co. (NYSE: WFC).
The Western Union Company (WU) had its “Outperform” rating reiterated by Wells Fargo & Co.
Piper Jaffray initiated coverage on Cincinnati Bell (CBB). They placed a "Neutral" rating on the company.
Piper Jaffray initiated coverage on Frontier Communications (FTR). They placed a "Neutral" rating on the company.
Friday, December 16, 2011
KiOR (KIOR) (LEAP) (LRCX) (MWV) (NYB) (ONXX) Upgraded
KiOR Inc. (NASDAQ: KIOR), Leap Wireless (NASDAQ: LEAP), Lam Research Co. (NASDAQ: LRCX), MeadWestvaco Corp. (NYSE: MWV), New York Community Bancorp, Inc. (NYSE: NYB) and Onyx Pharmaceuticals, Inc. (NASDAQ: ONXX) were upgraded by analysts.
KiOR Inc. (KIOR) was upgraded by Robert W. Baird from an “Underperform” rating to a “Neutral” rating. They have a price target of $10.00 on the company.
Leap Wireless (LEAP) was upgraded by Mizuho from a “Neutral” rating to a “Buy” rating. They have a price target of $9.50 on the company, up from $8.00.
Lam Research Co. (LRCX) was upgraded by Needham & Company from a “Hold” rating to a “Buy” rating. They have a price target of $46.00 on the company.
MeadWestvaco Corp. (MWV) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating. They have a price target of $35.00 on the company.
New York Community Bancorp, Inc. (NYB) was upgraded by Standpoint Research from a “Hold” rating to a “Buy” rating. They have a price target of $16.00 on the company.
Onyx Pharmaceuticals, Inc. (ONXX) was upgraded by Goldman Sachs (NYSE:GS) to a “Conviction Buy” rating.
KiOR Inc. (KIOR) was upgraded by Robert W. Baird from an “Underperform” rating to a “Neutral” rating. They have a price target of $10.00 on the company.
Leap Wireless (LEAP) was upgraded by Mizuho from a “Neutral” rating to a “Buy” rating. They have a price target of $9.50 on the company, up from $8.00.
Lam Research Co. (LRCX) was upgraded by Needham & Company from a “Hold” rating to a “Buy” rating. They have a price target of $46.00 on the company.
MeadWestvaco Corp. (MWV) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating. They have a price target of $35.00 on the company.
New York Community Bancorp, Inc. (NYB) was upgraded by Standpoint Research from a “Hold” rating to a “Buy” rating. They have a price target of $16.00 on the company.
Onyx Pharmaceuticals, Inc. (ONXX) was upgraded by Goldman Sachs (NYSE:GS) to a “Conviction Buy” rating.
Thursday, December 15, 2011
Leap (LEAP) (LH) (LRCX) (DANG) (DECK) (DTV) Ratings, Price Targets
Leap Wireless (LEAP), Laboratory Corp. of America (LH), Lam Research Co. (LRCX), E Commerce China Dangdang Inc. (DANG), Deckers Outdoor (DECK) and DirecTV (DTV) ratings and price targets.
Mizuho upgraded shares of Leap Wireless (LEAP) from a “Neutral” rating to a “Buy” rating. They have a price target of $9.50 on the company, up from $8.00.
Goldman Sachs (NYSE:GS) downgraded Laboratory Corp. of America (LH) from a “Neutral” rating to a “Sell” rating.
Needham & Company upgraded Lam Research Co. (LRCX) from a “Hold” rating to a “Buy” rating. They have a price target of $46.00 on the company.
Brean Murray initiated coverage on E Commerce China Dangdang Inc. (DANG). They placed a “Hold” rating on the company.
Sterne Agee downgraded Deckers Outdoor (DECK) from a “Buy” rating to an “Underperform” rating.
Nomura downgraded DirecTV (DTV) from a “Neutral” rating to a “Reduce” rating.
Mizuho upgraded shares of Leap Wireless (LEAP) from a “Neutral” rating to a “Buy” rating. They have a price target of $9.50 on the company, up from $8.00.
Goldman Sachs (NYSE:GS) downgraded Laboratory Corp. of America (LH) from a “Neutral” rating to a “Sell” rating.
Needham & Company upgraded Lam Research Co. (LRCX) from a “Hold” rating to a “Buy” rating. They have a price target of $46.00 on the company.
Brean Murray initiated coverage on E Commerce China Dangdang Inc. (DANG). They placed a “Hold” rating on the company.
Sterne Agee downgraded Deckers Outdoor (DECK) from a “Buy” rating to an “Underperform” rating.
Nomura downgraded DirecTV (DTV) from a “Neutral” rating to a “Reduce” rating.
Thursday, December 1, 2011
Cenovus (CVE) (FE) (LEAP) (NAV) (NXY) (OGZPY) (OMG) Upgraded
Cenovus Energy Inc. (NYSE: CVE), FirstEnergy Corp. (NYSE: FE), Leap Wireless (NASDAQ: LEAP), Navistar (NYSE: NAV), Nexen Inc. (NYSE: NXY), Gazprom OAO (OTC: OGZPY) and OM Group Inc. (NYSE: OMG) were upgraded by analysts.
Cenovus Energy Inc. (CVE) was upgraded by Barclays Capital from an “Equal Weight” rating to an “Overweight” rating.
FirstEnergy Corp. (FE) was upgraded by ISI Group from a “Hold” rating to a “Buy” rating. They have a price target of $52.00 on the company.
Leap Wireless (LEAP) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating.
Navistar (NAV) was upgraded by Goldman Sachs (NYSE:GS) from a “Sell” rating to a “Neutral” rating.
Nexen Inc. (NXY) was upgraded by Barclays Capital from an “Equal Weight” rating to an “Overweight” rating.
Gazprom OAO (OGZPY) was upgraded by Credit Suisse (NYSE:CS) from an “Underperform” rating to a “Neutral” rating.
OM Group Inc. (OMG) was upgraded by KeyBanc from a “Hold” rating to a “Buy” rating. They have a price target of $30.00 on the company, up from $21.00.
Cenovus Energy Inc. (CVE) was upgraded by Barclays Capital from an “Equal Weight” rating to an “Overweight” rating.
FirstEnergy Corp. (FE) was upgraded by ISI Group from a “Hold” rating to a “Buy” rating. They have a price target of $52.00 on the company.
Leap Wireless (LEAP) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating.
Navistar (NAV) was upgraded by Goldman Sachs (NYSE:GS) from a “Sell” rating to a “Neutral” rating.
Nexen Inc. (NXY) was upgraded by Barclays Capital from an “Equal Weight” rating to an “Overweight” rating.
Gazprom OAO (OGZPY) was upgraded by Credit Suisse (NYSE:CS) from an “Underperform” rating to a “Neutral” rating.
OM Group Inc. (OMG) was upgraded by KeyBanc from a “Hold” rating to a “Buy” rating. They have a price target of $30.00 on the company, up from $21.00.
Thursday, November 17, 2011
Leap (LEAP) (KSWS) (TGT) (TIVO) (LFUS) (LULU) Ratings, Price Targets
Leap Wireless (LEAP), K Swiss Inc. (KSWS), Target Corp. (TGT), TiVo Inc (TIVO), Littelfuse, Inc. (LFUS) and Lululemon (LULU) ratings and price targets.
Bank of America (NYSE:BAC) lowered its price target on K Swiss Inc. (KSWS) to $2.50.
Jefferies (NYSE:JEF) downgraded Leap Wireless (LEAP) to a “Hold” rating. They have a price target of $10.00 on the company.
Goldman Sachs raised its price target on Target Corp. (TGT) to $60.00.
JMP Securities initiated coverage on TiVo Inc (TIVO). They placed an “Outperform” rating on the company.
Stifel Nicolaus initiated coverage on Littelfuse, Inc. (LFUS). They placed a “Hold” rating on the company.
Stifel Nicolaus upgraded Lululemon (LULU) from a “Hold” rating to a “Buy” rating. They have a price target of $64.00 on the company.
Bank of America (NYSE:BAC) lowered its price target on K Swiss Inc. (KSWS) to $2.50.
Jefferies (NYSE:JEF) downgraded Leap Wireless (LEAP) to a “Hold” rating. They have a price target of $10.00 on the company.
Goldman Sachs raised its price target on Target Corp. (TGT) to $60.00.
JMP Securities initiated coverage on TiVo Inc (TIVO). They placed an “Outperform” rating on the company.
Stifel Nicolaus initiated coverage on Littelfuse, Inc. (LFUS). They placed a “Hold” rating on the company.
Stifel Nicolaus upgraded Lululemon (LULU) from a “Hold” rating to a “Buy” rating. They have a price target of $64.00 on the company.
Thursday, November 3, 2011
Leap Wireless (LEAP) (IPGP) (KCG) (LF) (MYGN) Upgraded
Leap Wireless (NASDAQ: LEAP), IPG Photonics Co. (NASDAQ: IPGP), Knight Capital Group Inc. (NYSE: KCG), LeapFrog Enterprises Inc. (NYSE: LF) and Myriad Genetics (NASDAQ: MYGN) were upgraded by analysts.
Leap Wireless (LEAP) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Overweight” rating.
IPG Photonics Co. (IPGP) was upgraded by Needham & Company from a “Hold” rating to a “Buy” rating. They have a price target of $60.00 on the company.
Knight Capital Group Inc. (KCG) was upgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Outperform” rating. They have a price target of $16.00 on the company.
LeapFrog Enterprises Inc. (LF) was upgraded by Needham & Company from a “Buy” rating to a “Strong Buy” rating. They have a price target of $6.00 on the company.
Myriad Genetics (MYGN) was upgraded by Ticonderoga from a “Neutral” rating to a “Buy” rating. They have a price target of $25.00 on the company.
Leap Wireless (LEAP) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Overweight” rating.
IPG Photonics Co. (IPGP) was upgraded by Needham & Company from a “Hold” rating to a “Buy” rating. They have a price target of $60.00 on the company.
Knight Capital Group Inc. (KCG) was upgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Outperform” rating. They have a price target of $16.00 on the company.
LeapFrog Enterprises Inc. (LF) was upgraded by Needham & Company from a “Buy” rating to a “Strong Buy” rating. They have a price target of $6.00 on the company.
Myriad Genetics (MYGN) was upgraded by Ticonderoga from a “Neutral” rating to a “Buy” rating. They have a price target of $25.00 on the company.
Thursday, August 4, 2011
Leap (LEAP) (RJET) (PVA) (LQDT) (PH) (PFCB) Downgraded
Leap Wireless (NASDAQ: LEAP), Republic Airways Holdings Inc. (NASDAQ: RJET), Penn Virginia (NYSE: PVA), Liquidity Services (NASDAQ: LQDT), Parker-Hannifin Co. (NYSE: PH) and P.F. Chang’s China Bistro (NASDAQ: PFCB) downgraded by analysts.
Leap Wireless (LEAP) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $11.00 on the company, down from $19.00
Liquidity Services (LQDT) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating.
P.F. Chang’s China Bistro (PFCB) was downgraded by Argus from a “Buy” rating to a “Sell” rating.
Parker-Hannifin Co. (PH) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
Penn Virginia (PVA) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
Republic Airways Holdings Inc. (RJET) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.
Leap Wireless (LEAP) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $11.00 on the company, down from $19.00
Liquidity Services (LQDT) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating.
P.F. Chang’s China Bistro (PFCB) was downgraded by Argus from a “Buy” rating to a “Sell” rating.
Parker-Hannifin Co. (PH) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
Penn Virginia (PVA) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
Republic Airways Holdings Inc. (RJET) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.
Friday, May 20, 2011
Ratings on (LDK) (LEAP) (PDCO) (GPS) Downgraded
Ratings on shares of LDK Solar (NYSE: LDK), Leap Wireless (NASDAQ: LEAP), Patterson Companies Inc (NASDAQ: PDCO) and The Gap Inc. (NYSE: GPS) were downgraded by analysts.
Kaufman Brothers analysts downgraded LDK Solar (LDK) from a “buy” rating to a “hold” rating. They have a price target of $8.00 on the company, down from $24.00.
JPMorgan Chase & Co. (NYSE:JPM) downgraded Leap Wireless (LEAP) from an “overweight” rating to a “neutral” rating. They have a price target of $16.00 on the company.
UBS AG (NYSE:UBS) downgraded Patterson Companies Inc (PDCO) from a “buy” rating to a “neutral” rating. They have a price target of $37.00 on the stock, up from $36.00. They cited valuation as the catalyst behind the call.
Piper Jaffray (NYSE:PJC) downgraded The Gap Inc. (GPS) from an “overweight” rating to a “neutral” rating. They have a price target of $19.00 on the company.
Kaufman Brothers analysts downgraded LDK Solar (LDK) from a “buy” rating to a “hold” rating. They have a price target of $8.00 on the company, down from $24.00.
JPMorgan Chase & Co. (NYSE:JPM) downgraded Leap Wireless (LEAP) from an “overweight” rating to a “neutral” rating. They have a price target of $16.00 on the company.
UBS AG (NYSE:UBS) downgraded Patterson Companies Inc (PDCO) from a “buy” rating to a “neutral” rating. They have a price target of $37.00 on the stock, up from $36.00. They cited valuation as the catalyst behind the call.
Piper Jaffray (NYSE:PJC) downgraded The Gap Inc. (GPS) from an “overweight” rating to a “neutral” rating. They have a price target of $19.00 on the company.
Monday, May 9, 2011
Ratings on (C) (DMND) (HES) (LEAP) (SRE) Ugraded
Ratings on shares of Citigroup (NYSE: C), Diamond Foods (NASDAQ: DMND), Hess Corp (NYSE: HES), Leap Wireless (NASDAQ: LEAP) and Sempra Energy (NYSE: SRE) were upgraded by analysts.
Morgan Stanley (NYSE:MS) upgraded Citigroup (C) from a “neutral” rating to an “overweight” rating. They have a price target of $6.00 on the company.
Goldman Sachs (NYSE:GS) upgraded Diamond Foods (DMND) to a “buy” rating.
Jefferies (NYSE:JEF) upgraded Diamond Foods (DMND) from a “hold” rating to a “buy” rating. They have a price target of $22.00 on the company.
Morgan Stanley upgraded shares of Hess Corp (HES) to an “overweight” rating. They have a price target $105.00 on the company.
Deutsche Bank (NYSE:DB) upgraded Leap Wireless (LEAP) to a “hold” rating. They have a price target $18.00 on the company, up from $14.00.
Jefferies upgraded Sempra Energy (SRE). They have a price target of $60.50 on the company, up from $59.60.
Morgan Stanley (NYSE:MS) upgraded Citigroup (C) from a “neutral” rating to an “overweight” rating. They have a price target of $6.00 on the company.
Goldman Sachs (NYSE:GS) upgraded Diamond Foods (DMND) to a “buy” rating.
Jefferies (NYSE:JEF) upgraded Diamond Foods (DMND) from a “hold” rating to a “buy” rating. They have a price target of $22.00 on the company.
Morgan Stanley upgraded shares of Hess Corp (HES) to an “overweight” rating. They have a price target $105.00 on the company.
Deutsche Bank (NYSE:DB) upgraded Leap Wireless (LEAP) to a “hold” rating. They have a price target $18.00 on the company, up from $14.00.
Jefferies upgraded Sempra Energy (SRE). They have a price target of $60.50 on the company, up from $59.60.
Thursday, May 5, 2011
Ratings on (LAMR) (LEAP) (MGM) (MMP) (NVMI) Upgraded by Analysts
Analysts upgraded ratings on Lamar Advertising Company (NASDAQ: LAMR), Leap Wireless (NASDAQ: LEAP), MGM Resorts (NYSE: MGM), Magellan Midstream (NYSE: MMP) and Nova Measuring Instruments Ltd. (NASDAQ: NVMI) today.
Citigroup (NYSE:C) upgraded Lamar Advertising Company (LAMR) from a “sell” rating to a “hold” rating. They have a price target of $30.00 on the company, up from $27.00.
Collins Stewart upgraded Leap Wireless (LEAP) from a “hold” rating to a “buy” rating. They have a price target of $22.00 on the company.
CRT Capital upgraded MGM Resorts (MGM) to a “buy” rating.
Morgan Keegan upgraded Magellan Midstream (MMP) from a “market perform” rating to an “outperform” rating.
Needham & Company upgraded Nova Measuring Instruments Ltd. (NVMI) from a “buy” rating to a “strong buy” rating. They have a price target of $16.00 on the company, up from $15.00.
Citigroup (NYSE:C) upgraded Lamar Advertising Company (LAMR) from a “sell” rating to a “hold” rating. They have a price target of $30.00 on the company, up from $27.00.
Collins Stewart upgraded Leap Wireless (LEAP) from a “hold” rating to a “buy” rating. They have a price target of $22.00 on the company.
CRT Capital upgraded MGM Resorts (MGM) to a “buy” rating.
Morgan Keegan upgraded Magellan Midstream (MMP) from a “market perform” rating to an “outperform” rating.
Needham & Company upgraded Nova Measuring Instruments Ltd. (NVMI) from a “buy” rating to a “strong buy” rating. They have a price target of $16.00 on the company, up from $15.00.
Monday, March 28, 2011
AT&T (T), (VZ), (PCS), (LEAP) All Get Upgrades on T-Mobile Deal
Shares of AT&T (NYSE:T), Verizon Communications (NYSE:VZ), MetroPCS (NYSE:PCS) and Leap Wireless (NASDAQ:LEAP) all soared today after the overall sector received a positive outlook from analyst William V. Power of R.W. Baird & Co.
This was based on Power's assumption the proposed acquisition of T-Mobile USA by AT&T will clear regulatory hurdles and be approved.
Power sees the wireless industry becoming more stable and competitive, while companies like Leap and MetroPCS benefiting from it.
Also noted was an approved deal could result in Verizon or Sprint (NYSE:S) attempting to acquire U.S. Cellular, MetroPCS or Leap Wireless.
The obvious benefit for AT&T would be lower costs and for Verizon the current number of competitors would be cut back, which would result in a more consistent pricing environment, according to Power.
Leap was trading at $15.70, up $0.68, or 4.53 percent, as of 12:57 PM EDT. MetroPCS was at $15.85, gaining $0.31, or 1.96 percent. Verizon was trading at $37.82, rising $0.53, or 1.42 percent. AT&T was at $29.36, up $0.51, or 1.79 percent.
This was based on Power's assumption the proposed acquisition of T-Mobile USA by AT&T will clear regulatory hurdles and be approved.
Power sees the wireless industry becoming more stable and competitive, while companies like Leap and MetroPCS benefiting from it.
Also noted was an approved deal could result in Verizon or Sprint (NYSE:S) attempting to acquire U.S. Cellular, MetroPCS or Leap Wireless.
The obvious benefit for AT&T would be lower costs and for Verizon the current number of competitors would be cut back, which would result in a more consistent pricing environment, according to Power.
Leap was trading at $15.70, up $0.68, or 4.53 percent, as of 12:57 PM EDT. MetroPCS was at $15.85, gaining $0.31, or 1.96 percent. Verizon was trading at $37.82, rising $0.53, or 1.42 percent. AT&T was at $29.36, up $0.51, or 1.79 percent.
Friday, January 7, 2011
MetroPCS (NYSE:PCS), Leap Wireless (Nasdaq:LEAP) Down on Lower Subscription Signups
MetroPCS Communications (NYSE:PCS) and Leap Wireless (Nasdaq:LEAP) both gained new subscribers in the fourth quarter, but fell short of expectations, with MetroPCS adding 298,000 new customers and Leap 435,000 new customers.
MetroPCS got punished the most, as they fell below last year's total of 317,355 new subscribers for the same quarter.
Both companies are competing for two types of customers, those who want simple flat-rate service plans like that offered by MetroPCS, and for those who want more sophistication in their phones and are willing to pay for it; things like downloading data and smartphones.
Leap Wireless International closed Thursday at $13.96, falling $0.37, or 2.58 percent. MetroPCS closed at $13.30, dropping $0.96, or 6.73 percent.
MetroPCS got punished the most, as they fell below last year's total of 317,355 new subscribers for the same quarter.
Both companies are competing for two types of customers, those who want simple flat-rate service plans like that offered by MetroPCS, and for those who want more sophistication in their phones and are willing to pay for it; things like downloading data and smartphones.
Leap Wireless International closed Thursday at $13.96, falling $0.37, or 2.58 percent. MetroPCS closed at $13.30, dropping $0.96, or 6.73 percent.
Wednesday, January 5, 2011
Sprint (NYSE:S), MetroPCS (NYSE:PCS), Leap Wireless's (Nasdaq:LEAP) Prepaid Demand Remains Strong
Citing channel checks in the fourth quarter, Deutsche Bank (NYSE:DB) said they see that having a positive impact on companies strongly exposed to the sector, including Sprint (NYSE:S), MetroPCS (NYSE:PCS) and Leap Wireless (Nasdaq:LEAP), among others.
Deutsche said, "We have 2 positive takeaways from our 4Q channel checks for MetroPCS, which covered over 80 stores across the company's 14 major markets. (1) Demand remains strong for PCS' prepaid services and we are increasing our 4Q net add estimate to 425k (consensus 393k) from 350k. (2) Rate plan mix continues to improve, which implies that our 2011 ARPU and EBITDA estimates may be conservative.
"We also contacted nearly 60 channels selling other prepaid brands such as Boost and Virgin (Sprint (NYSE:S)), Straight Talk (TracFone), and Cricket (Leap Wireless (Nasdaq:LEAP)). Our key takeaway is that Sprint saw strong prepaid demand during 4Q, especially for Boost, which suggests potential upside to our prepaid net add est of 650k."
Deutsche Bank maintains a "Buy/Top Pick" on MetroPCS, which closed Tuesday at $13.92, gaining $0.85, or 6.50 percent. They raised their price target on them from $15 to $20.
Sprint closed at $4.45, losing $0.06, or 1.33 percent. Leap Wireless closed Tuesday at $13.50, up $0.09, or 0.67 percent.
Deutsche said, "We have 2 positive takeaways from our 4Q channel checks for MetroPCS, which covered over 80 stores across the company's 14 major markets. (1) Demand remains strong for PCS' prepaid services and we are increasing our 4Q net add estimate to 425k (consensus 393k) from 350k. (2) Rate plan mix continues to improve, which implies that our 2011 ARPU and EBITDA estimates may be conservative.
"We also contacted nearly 60 channels selling other prepaid brands such as Boost and Virgin (Sprint (NYSE:S)), Straight Talk (TracFone), and Cricket (Leap Wireless (Nasdaq:LEAP)). Our key takeaway is that Sprint saw strong prepaid demand during 4Q, especially for Boost, which suggests potential upside to our prepaid net add est of 650k."
Deutsche Bank maintains a "Buy/Top Pick" on MetroPCS, which closed Tuesday at $13.92, gaining $0.85, or 6.50 percent. They raised their price target on them from $15 to $20.
Sprint closed at $4.45, losing $0.06, or 1.33 percent. Leap Wireless closed Tuesday at $13.50, up $0.09, or 0.67 percent.
Monday, January 3, 2011
Wells Fargo (NYSE:WFC) Likes Leap Wireless (Nasdaq:LEAP), MetroPCS (NYSE:PCS) on Low Churn Rates
Wells Fargo said they see Leap Wireless (Nasdaq:LEAP) and MetroPCS (NYSE:PCS) benefiting strongly from the lower churn rates, and have upside potential in the fourth quarter.
Wells said, "Expect both PCs and Leap to show significant
momentum from Q3 levels - Based on these channel checks--we believe both Leap Wireless and MetroPCS have benefited from lower churn trends as a result of their new all inclusive tax/fee plans as well as the better selection of handsets. While gross adds have remained solid, we believe the bigger benefit has been seen in churn trends. As a result of these findings, we believe there is upside potential to Street estimates for Q4 net adds for both companies."
"We believe both PCS and LEAP are well positioned to realize positive trends in Q4 and early 2011. There seems to be a macro shift now occuring which should benefit both operators. As the addressable market for prepay continues to expand, both companies should be able to realize from additional subscriber growth--without having to spend the heavy capital burden of lighting up new markets. In terms of a longer term idea, we continue to prefer PCS over LEAP as PCS should continue to see better sub growth, higher margins and free cash flow generation, in our view."
Leap Wireless was trading at $13.16, gaining $0.90, or 7.34 percent, as of 12:47 PM EST. PCS was trading at $12.91, gaining $0.28, or 2.22 percent.
Wells said, "Expect both PCs and Leap to show significant
momentum from Q3 levels - Based on these channel checks--we believe both Leap Wireless and MetroPCS have benefited from lower churn trends as a result of their new all inclusive tax/fee plans as well as the better selection of handsets. While gross adds have remained solid, we believe the bigger benefit has been seen in churn trends. As a result of these findings, we believe there is upside potential to Street estimates for Q4 net adds for both companies."
"We believe both PCS and LEAP are well positioned to realize positive trends in Q4 and early 2011. There seems to be a macro shift now occuring which should benefit both operators. As the addressable market for prepay continues to expand, both companies should be able to realize from additional subscriber growth--without having to spend the heavy capital burden of lighting up new markets. In terms of a longer term idea, we continue to prefer PCS over LEAP as PCS should continue to see better sub growth, higher margins and free cash flow generation, in our view."
Leap Wireless was trading at $13.16, gaining $0.90, or 7.34 percent, as of 12:47 PM EST. PCS was trading at $12.91, gaining $0.28, or 2.22 percent.
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