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UPDATE: Morgan Stanley Reiterates On Endurance International Following Investor Meeting

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In a report published Wednesday, Morgan Stanley analyst Simon Flannery reiterated an Overweight rating on Endurance International (NASDAQ: 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 closed on Tuesday at $13.69.

Latest Ratings for EIGI

Feb 2017Morgan StanleyDowngradesEqual-WeightUnderweight
Jan 2017Goldman SachsDowngradesNeutralSell
Oct 2016Cantor FitzgeraldInitiates Coverage OnHold

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