UPDATE: Morgan Stanley Reiterates Equal-Weight Rating, Raises PT on DISH Network Corporation on Early dishNET Success

In a report published Monday, Morgan Stanley reiterated its Equal-Weight rating on DISH Network Corporation

, and raised its price target to $38.00. Morgan Stanley noted, “We raise our PT to $38 on early dishNET success (we now estimate 500K broadband subs by 2015E), partially offset by higher programming cost growth. We do not expect clarity on wireless plans at least until after shareholder votes related to pending telco deals this spring/summer, if not later.” DISH Network Corporation closed on Friday at $35.09.