Financial ratings wrap-up: Leap, MetroPCS, 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
–Lehman Brothers adjusted its estimates on Leap Wireless to a loss of $1.14 from a loss of $1.09 for this year and a loss of $1.40 rather than a loss of $1.86 for next year. The company noted Leap’s fourth-quarter results show stabilization in operating trends and suggest solid performance in the first quarter, but concerns remain about visibility during the next year due to economic weakness and increased competition.
–Lehman Brothers lowered its 2008 estimates on MetroPCS to 28 cents rather than 49 cents after the carrier reported mixed fourth-quarter results.
–Lehman Brothers lowered its price target on Swisscom to $490 from $540 and lowered its EPS estimates on the company. New estimates are $37.60 rather than $38.80 for 2008 and $39.30 rather than $41.50 for 2009.
Other
–Lehman Brothers lowered its estimates on Texas Instruments after the company reduced its first-quarter guidance. New estimates are $1.98 rather than $2.13 for 2008 and $2.20 rather than $2.32 for next year. Credit Suisse First Boston lowered its 2008 estimates on the company to $1.87 from $1.97 for 2008 and $1.85 rather than $1.95 for 2009. RW Baird lowered its estimates on TI to $2.18 from $2.23 for 2008 and $2.20 from $2.30 for 2009.
–Credit Suisse First Boston raised its estimates on ADC Telecommunications, citing the company’s position in the FTTx market. The firm reiterated its outperform rating and revised its revenue and EPS estimates on the company to $1.19 on $1.49 billion from $1.17 on $1.45 billion for 2008 and to $1.43 on $1.57 billion from $1.37 on $1.51 billion for 2009.