Market Overview

J.P. Morgan Raises Estimates for DISH Network

Share:

J.P. Morgan (NYSE: JPM) raised its 2010 EPS estimates for DISH Network Corp. (NASDAQ: DISH) higher this morning by $0.13 to $1.99, driven by better top-line and margin trends. Analysts said that their forecast “reflects lower expectations for gross additions, more than offset by strong improvement in churn.”

J.P. Morgan currently has a price target on DISH Network Corp. of $25.00; the stock is currently trading $20.92. This valuation and recommendation is based off of the discrepancy between DISH Network and DirecTV’s (NASDAQ: DTV) EBITDA multiple. Currently DISH has a 4.4x multiple and DTV has a 6.6x. Analysts believe that this these valuations should converge higher given the growth opportunities and improving trends of DISH that warrants a premium to the company’s current valuation.

 

Related Articles (DISH + DTV)

View Comments and Join the Discussion!

Posted-In: dish JPMorgan Chase & Co.Analyst Color Long Ideas Upgrades Price Target Analyst Ratings Trading Ideas

Latest Ratings

StockFirmActionPT
ZZZScotiaBankMaintains27.0
FSVScotiaBankMaintains128.0
FNScotiaBankMaintains38.0
CSUScotiaBankMaintains1,600.0
CXOScotiaBankDowngrades43.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com