By: Benzinga
UPDATE: Nomura Upgrades MetroPCS Communications to Neutral Ahead of TMobile Merger
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
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