Financial ratings wrap-up: Leap, Nokia, Texas Instruments and more

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
Carrier
–Credit Suisse First Boston lowered its rating on Vodafone Group to neutral from outperform, saying it believes the company is likely to slightly miss its new revenue guidance.
–Deutsche Bank raised its price target on Sprint Nextel to $9 from $8 based on the company’s second-quarter report.
–J.P. Morgan started coverage on Leap Wireless with an overweight rating and a price target of $56. The firm also initiated coverage on MetroPCS with an overweight rating and a $22 price target.
Handset and infrastructure vendors
–Oppenheimer cut its price target on Nokia to $26 from $30 after the company lowered its third-quarter market share expectations to a slight loss. Credit Suisse First Boston cut its price target and estimates on Nokia on long-term concerns.
–Oppenheimer raised its rating on Alvarion to outperform from perform and set a $9 price target on the company. The firm noted the company’s shares are attractive at current levels and it sees potential for upside for the company.
–RBC Capital Markets lowered its price target on Alcatel-Lucent to $6 from $7, citing a downturn in demand for traditional telecom gear. The firm also decreased its estimates on the company to a loss of 2 cents rather than a loss of a penny for 2008 and profit of 39 cents from 43 cents for 2009.
–RBC Capital Markets lowered its price target on Nortel Networks to $6 from $8 on overall market concerns.
Other
–R.W. Baird trimmed its estimates on Texas Instruments on below-seasonal demand trends in mobile phones and expectations for further market share losses in 2009. The firm’s 2008 EPS estimates drop to $1.87 from $1.89 and its 2009 EPS estimates drop to $1.83 from $1.86.
–Credit Suisse First Boston dropped its price target on ADC Telecommunications to $11 from $13 after the company reported third-quarter results.