Morgan Stanley resumed coverage of Millicom with an Equal Weight rating and SEK 320 price target. After a 50% year-to-date rally in the stock, the firm thinks the market has “ample visibility on the company’s improving fundamentals,” though it adds that sustained delivery on targets or additional buying from a strategic investor could move the stock closer to the firm’s SEK 350 “Bull case.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TIGO:
- Millicom Subsidiary Redeems Senior Notes Early
- Millicom (Tigo) subsidiary Telefónica Celular del Paraguay S.A.E. announces its intent to partially redeem Senior Notes due 2027
- Millicom (Tigo) files standard form for notification of major holdings
- Millicom resumed with an Overweight at JPMorgan
- Millicom initiated with a Market Perform at Handelsbanken