UPDATE: Deutsche Bank Raises PT to $35 on DISH Network

Deutsche Bank reiterates its Buy rating on DISH Network DISH and raies its price target $3 to $35 on the company's better-than-recognized cash generation ability. Deutsche Bank comments, "While our forecast has DISH below peer-level core growth rates going forward, its cash generation capability is significantly better than the market appears to be discounting paired with meaningful potential upside from its wireless spectrum. Shares could also benefit if attempts to reinvigorate marketing prove successful, transparency improves, mgmt commits to a long-term return of capital strategy, or if DISH or its spectrum becomes of interest for a strategic buyer." DISH closed at $29.62 a share yesterday.