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UPDATE: Morgan Stanley Downgrades DirecTV

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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

DateFirmActionFromTo
Sep 2014Canaccord GenuityInitiates Coverage onHold
Aug 2014UBSMaintainsNeutral
Aug 2014JefferiesMaintainsHold

View More Analyst Ratings for DTV
View the Latest Analyst Ratings

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

 

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