MetroPCS Communications, Inc. (PCS)

[bowonwing]

S&P raises PCS 12 mo. target to $19 from $16. PCS' churn was under 4% in 2010.

from the S&P PCS Stock Report dated 1/6/11:
"We believe the transition to smartphones, coupled with PCS's LTE network and what we see as attractive pricing plans bode well for its future. We increase our 2010 EPS estimate by
$0.03 to $0.74, 2011's by $0.05 to $1.24 and initiate our 2012 estimate of $1.40. We raise our
12-month target price by $3 to $19, based on enterprise value/EBITDA peer analysis. /
J.Moorman, CFA"