Morgan Stanley Reiterates Equal-weight on DISH Network, Raises PT to $33

Morgan Stanley reiterated its Equal-weight rating on DISH Network DISH. At the same time, Morgan Stanley raised its price target on the company's stock from $25 to $33. In a research report published today, Morgan Stanley states, "Since our last published estimates and valuation, DISH reported stronger than expected 1Q11 results and resolved a major overhang related to its Tivo litigation. As a result of both, we are raising our estimates meaningfully and raising our price target to $33." On Friday, DISH lost 1.79% of its value to close the week at $29.03.