🔴 Liberty Latin America is trading 5% down in pre-market after Morgan Stanley cuts rating to Underweight

Liberty Latin America is trading at $7.92 (-5.04%) after Morgan Stanley downgraded the shares to Underweight from Equal-weight.

• Morgan Stanley maintained a $7 price target, citing valuation concerns following the stock’s sharp recent appreciation
• Shares are trading above the firm’s target
• Major U.S. indexes are broadly near flat in pre-market trading, suggesting the decline is company-specific