Morgan Stanley Upgrades CommScope Holding (COMM) to Overweight

(updated to add price target and analyst comment)

Morgan Stanley analyst Meta Marshall upgraded CommScope Holding (NASDAQ: COMM) from Equalweight to Overweight, price target $22.00 (from $24.00).

The analyst comments "We believe results should improve in 2H, given it gets closer to 5G edge spend, further into ARRS integration and potentially past S/TMUS decision. However, given recent selloff and earnings power of COMM/ARRS combination, we're choosing to step in early."

For an analyst ratings summary and ratings history on CommScope Holding click here. For more ratings news on CommScope Holding click here.

Shares of CommScope Holding closed at $16.32 yesterday.

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