Wunderlich Securities Has Mixed Outlook on DISH Network Corporation Ahead of Earnings Report

In a report published Monday, Wunderlich Securities analyst Matthew Harrigan reiterated a Hold rating and $60.00 price target on

. In the report, Wunderlich Securities noted, “Hold-rated DISH Network (DISH) is releasing earnings on Tuesday morning, although investor intention is apt to fixate more on a possible bid for T-Mobile (TMUS-NR) and the imminent AWS3 spectrum auction, and even OTT service plans, than on operating results for the core video business. We remain somewhat wary of taking the spectrum mark on the AWS-3 auction and simply doubling the price to reflect the value of DISH's largely asymmetric higher use downstream position, but admit that a full valuation on DISH's spectrum position and stock price could provide brilliant support for a TMUS bid. We actually arrive at a near $90 potential value for DISH in the event that Deutsche Telekom opts to sell to brilliant but contentious DISH Chairman Charlie Ergen.” DISH Network Corporation closed on Friday at $63.65.