Deutsche Bank Reiterates Buy Rating And $15 PT On Shares Of MetroPCS

Deutsche Bank is reiterating its Buy rating and $15 price target on MetroPCS PCS following the company's strong 3Q results. “The highlight was a material beat to net adds, which drove another quarter of share gains within the prepaid voice sector,” Deutsche Bank writes. “We attribute this success to the popularity of PCS' all-in rate plans and, more recently, its smartphone and 4G offering. We are largely maintaining our estimates for PCS and continue to view the stock as the most attractively valued growth stories in wireless.” MetroPCS currently trades at $11.37.