UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on DISH Network Corp.
In a report published Monday, Deutsche Bank reiterated its Buy rating on DISH Network Corp. (NASDAQ: DISH), and slightly raised its price target from $40.00 to $41.00.
Deutsche Bank noted, “Reaffirm Buy - While core growth has been uninspiring (EBITDA unch'd from 4 yrs ago), DISH's cash generation capability appears greater than the Market seems to be discounting paired with significant wireless spectrum upside. Shares could do well if new marketing proves successful, transparency improves, or spectrum use is approved by the FCC, especially if DISH or its spectrum then becomes of interest for a strategic buyer. Buy.”
DISH Network Corp. closed on Friday at $35.39.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.