UPDATE: Morgan Stanley Reiterates Overweight Rating, Removes PT on Endurance International Group Holdings Following Investor Meeting

In a report published Wednesday, Morgan Stanley analyst Simon Flannery reiterated an Overweight rating on Endurance International Group Holdings EIGI, but removed the $16.00 price target. In the report, Morgan Stanley noted, “Management is upbeat about 2014. Current FY guidance sees revenue acceleration to 20.6-21.6% Y/Y (14% pro forma for Directi) as improving economic confidence helps subscriber growth and continued upselling of products help ARPS.” Endurance International Group Holdings closed on Tuesday at $13.69.