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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
Click here for wireless ratings from past weeks from RCR Wireless News.
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Handset and infrastructure vendors
- Credit Suisse First Boston raised its price target on LG Electronics to $83.17 from $74.45, saying a handset turnaround could begin before the end of this year and further improvements in handset margins as well as appliance earnings in the first half of next year. CSFB reiterated its outperform rating on the company.
Other
- Credit Suisse First Boston reinstated coverage of ADC Telecommunications with a neutral rating and a $13 price target. The firm formerly rated ADC at outperform with a $34 price target.
- First Albany Capital initiated coverage on @Road Inc. with a buy rating and a $7.50 price target.
- Pacific Growth Equities started coverage of Broadcom with a neutral rating.
