UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on DISH Network
In a report published Wednesday, Deutsche Bank reiterated its Buy rating on DISH Network (NASDAQ: DISH), and raised its price target from $41.00 to $43.00.
Deutsche Bank noted, “While 2012 was an investment year (no price increase, greater customer acquisition investing), 2013 growth should rebound, leveraging 2012's investments and seeing potentially above-normal price increases --accelerating revenue / EBITDA growth should be encouraging for investors. Also, we expect the FCC will approve terrestrial AWS spectrum use by DISH, which should be a positive, especially if DISH or its spectrum then becomes of interest for a strategic buyer. Buy.”
DISH Network closed on Tuesday at $34.85.
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