Morgan Stanley lowered the firm’s price target on Liberty Broadband (LBRDK) to $88 from $102 and keeps an Equal Weight rating on the shares. For the North American Telecom and Cable Services group, the analyst finds the U.S. wireless industry structure as “supportive of growth,” while arguing that broadband competition is likely to intensify.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
