Morgan Stanley Reiterates Overweight Rating on DirecTV

In a report published earlier, Morgan Stanley reiterates an Overweight rating on DirecTV (NASDAQ: DTV) and a price target of $53.

Morgan Stanley comments, “Recent share underperformance is an opportunity as DTV offers above-peer growth at a discount. Our revised estimates include the impact of FX headwinds. DTV offers investors 6-7% and 25-30% EBITDA and EPS growth annually from 2011-2014. Few large-cap stocks offer growth this cheap.”

DTV closed at $45.75 yesterday.

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