UPDATE: Bank of America Raises PT on NII Holdings on Nextel Peru Sale

In a report published Friday, Bank of America analyst Mauricio Fernandes reiterated an Underperform rating on NII Holdings (NASDAQ: NIHD ), and slightly raised the price target from $4.00 to $5.00. In the report, Fernandes noted, “NIHD announced the sale of its Peruvian operations to Entel Chile for $400mn. Though