Market Overview

UPDATE: Morgan Stanley Downgrades DirecTV

Related DTV
Wunderlich Securities Has Continued Positive Outlook On DirecTV
Brean Capital Sees Attractive Investment Opportunity On Shares Of DirecTV
Binge Watching, Sports at Center of Fox Bid for Time Warner (Fox Business)

In a report issued Tuesday, Morgan Stanley downgrades its rating of DirecTV (NASDAQ: DTV) to Equal-Weight.

While analyst Benjamin Swinburne still has a "bullish outlook" for DirecTV, he sees that shares will most likely remain in a narrow trading range due to terms of the deal with AT&T.

Swinburne sees that without another bidder, DirecTV most likely won't have the support to drive the stock higher. The absolute bear case would see DirecTV going to $67 if no deal occurs and growth ends up slowing.

DirecTV will open at $84.65 on Tuesday.

Posted-In: Benjamin Swinburne Morgan StanleyAnalyst Color Downgrades Analyst Ratings

 

Most Popular

Related Articles (DTV)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters