Brean Murray Carret & Co. Maintain Buy Rating and $38 PT on DISH Network

A report from Brean Murray Carret & Co reiterates its Buy rating and $38 price target on DISH Network (NASDAQ: DISH).

The report states, “We believe this points to an increase in capital intensity for the industry at large, as it invests in the infrastructure to enable this service. In this transition, we think satellite is actually better positioned than cable or telcos for this change in service profile, and DISH in particular due to its recent M&A spree.”

DISH closed yesterday at $27.31.