UPDATE: Nomura Upgrades MetroPCS Communications to Neutral Ahead of TMobile Merger
Posted on February 08, 2013 at 08:51 AM EST
In a report published Friday, Nomura upgraded its rating on MetroPCS Communications (NYSE: PCS ) from Reduce to Neutral, and reiterated its $9.50 price target. Nomura noted, “Limited near-term risks, upgrade to Neutral. With shares trading near our price objective, and down 20% since early October versus a 4% rise