Leap Wireless (LEAP)
Posted: Sat Feb 06, 2010 12:12 amRumour : LEAP is looking for buyer. (<< lots of tech stocks are, including PALM. Such rumours are always around)
and.. JP Morgan does not believe it will go through...
and.. JP Morgan does not believe it will go through...
BOSTON (MarketWatch) -- Analysts at J.P. Morgan on Friday lowered their rating on Leap Wireless International Inc to underweight from neutral and cut their price target on its shares to $10 from $12. "Though we believe the company is actively seeking an acquirer, we believe a sale would be very challenging given deteriorating fundamentals and valuation hurdles," they wrote in a note to clients. Shares of Leap ended Thursday at $14.59 and were off about 2% in early premarket trade Friday