UPDATE: Morgan Stanley Reiterates On AT&T On 3Q14 Preview

In a report published Tuesday, Morgan Stanley analyst Simon Flannery reiterated an Equal-Weight rating on

, and named a $36.00 price target. In the report, Morgan Stanley noted, “Our EPS estimate of 64c is broadly in-line with consensus. We will be focused on the impact that recent initiatives to migrate customers to Mobile Share Value plans, and the Next program have had during a period of increased competition, and the iPhone launch.” AT&T Inc. closed on Monday at $33.82.