DirecTV (DTV -3%) dips after Nomura cuts its rating on the stock to Reduce, saying the shares...

|By:, SA News Editor

DirecTV (DTV -3%) dips after Nomura cuts its rating on the stock to Reduce, saying the shares don't deserve the hefty premium they command now. Latin American growth and buyback efforts have distracted investors from the more pressing matter of deteriorating domestic fundamentals and the high cost the company is paying to gain and retain subscriptions.