NII Holdings (NIHD -4.4%) is downgraded to Underweight with a new $22 price target from $35 at...

|About: NII Holdings, Inc. (NIHD)|By:, SA News Editor

NII Holdings (NIHD -4.4%) is downgraded to Underweight with a new $22 price target from $35 at Barclays, which believes negative news related to the weak operating performance is mostly priced in but sees no catalysts in the next six to nine months. The firm also says "significant deterioration" in results could continue in coming quarters, adding to potential downside.