By: Benzinga
UPDATE: Jefferies Downgrades Leap Wireless International to Underperform
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
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