NEW YORK-Citing continued economic trouble in the wireless industry, Thomas Weisel Partners downgraded its rating on wireless operator Triton PCS Holdings Inc. from strong buy to attractive. The banking company noted the downgrade comes even though it does not plan to make any changes to its estimates for Triton PCS and said it expects the carrier to report solid third-quarter results later this week.
“[W]e believe that Triton is a survivor, and we expect the stock price, which has suffered along with the rest of the wireless industry, to eventually recover,” Thomas Weisel Partners said in a report.
