JANCO Partners Upgrades Leap Wireless (LEAP) to Strong Buy

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JANCO Partners upgraded Leap Wireless (NASDAQ: LEAP) from Buy to Strong Buy with a price target of $7.50.

The firm comments, "We are upgrading LEAP Wireless to Strong Buy because nothing has changed our low target price of $7.50 per share and the stock has declined. Recent larger and smaller spectrum transactions argue for value greater than our high-case appraisal. Our low case assumes only $0.39 per MHz/pop and the high case is $0.86 per MHz/pop."

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 $5.78 yesterday, with a 52 week range of $4.28-$11.30.

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