Jefferies Starts NII Holdings (NIHD) at Underperform

Jefferies initiates coverage on NII Holdings (NASDAQ: NIHD) with a Underperform rating and a price target of $4.50.

Analyst Mike McCormack commented, "We see significant risk for NII as the company continues to face meaningful operational challenges given competitive pressures as well as economic and currency issues. A successful negotiation with lenders over the coming nine months would be critical for liquidity. We see M&A as the most significant risk to our rating, but do not see an opportunity materializing in the near or mid-term. Our $4.50 price target is derived from a DCF-based analysis."

For an analyst ratings summary and ratings history on NII Holdings click here. For more ratings news on NII Holdings click here.

Shares of NII Holdings closed at $6.76 yesterday.

You May Also Be Interested In

• Amazon.com (AMZN) PT Raised to $215 at UBS
• Singular Research Starts Citizens Inc. (CIA) at Buy-Long Term, 'Proven Distribution Growth'
• Meta Platforms Inc. (META) PT Lowered to $575 at UBS, 'shares are offering a 3-to-1 skew'