UPDATE: Morgan Stanley Downgrades DirecTV
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.
Latest Ratings for DTV
|Sep 2014||Canaccord Genuity||Initiates Coverage on||Hold|
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