William Blair raises its rating on MetroPCS (PCS +3.4%) to Outperform, saying the wireless...

|By:, SA News Editor

William Blair raises its rating on MetroPCS (PCS +3.4%) to Outperform, saying the wireless provider's current valuation does not reflect its fundamentals and healthy balance sheet. "With historical seasonality, distracted competition and the anticipated decline in 2012 smartphone handset prices all working in MetroPCS’s favor," Blair sees improved performance in Q4 and 2012.