Leap Wireless (LEAP -10.3%) and MetroPCS (PCS -7.2%) are downgraded to Neutral by J.P. Morgan on...

|By:, SA News Editor

Leap Wireless (LEAP -10.3%) and MetroPCS (PCS -7.2%) are downgraded to Neutral by J.P. Morgan on worries about saturation and competition in the discount wireless market. Both stocks have shed about half their value in four months.