Nomura Securities Starts Leap Wireless (LEAP) at Neutral, Cautious Bias

Nomura Securities initiates coverage on Leap Wireless (NASDAQ: LEAP) with a Neutral. PT $10.00.

Analyst Mike McCormack said, "We have a negatively biased outlook for the prepaid industry and see multiple influences perpetuating EBITDA pressure. We are more positively biased toward PCS shares versus LEAP; however, we see industry pricing risk dictating price performance for both stocks, but expect typical seasonality to support both stocks in the near term."

For an analyst ratings summary and ratings history on Leap Wireless click here. For more ratings news on Leap Wireless click here.

Shares of Leap Wireless closed at $10.43 yesterday.

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