Morgan Stanley Remains Confident in VimpelCom Ltd. Despite Soft Quarter

In a report published Thursday, Morgan Stanley analyst Cesar Tiron reiterated an Overweight rating and $14.00 price target on VimpelCom Ltd. VIP. In the report, Morgan Stanley noted, “Adjusted for exceptional items, VimpelCom missed consensus revenues by 3% while EBITDA was 0.5% below consensus. A weaker outlook – now reiterated - has already been presented by the company at its Investor Day in late January.” VimpelCom Ltd. closed on Wednesday at $9.80.