UPDATE: Deutsche Bank Raises Target to $41 on DISH Network

Deutsche Bank raises its price target $6 to $41 on Buy-rated DISH Network

on favorable regulatory framework. Deutsche Bank notes, " As expected, the FCC voted Wednesday to launch a Notice of Proposed Rulemaking (NPRM), which proposed to reassign the 2 GHz MSS spectrum for terrestrial mobile broadband use (now being called the AWS-4 spectrum); the text of the NPRM was posted later in the day. The FCC noted at the beginning of the NPRM the following language that in a nutshell describes the tone and content of the NPRM: “These proposed rules are designed to provide for flexible use of this spectrum, to encourage innovation and investment in mobile broadband, and to provide a stable regulatory environment in which broadband deployment could develop.” We believe the NPRM suggests a regulatory framework that is as favorable for DISH as could possibly be expected." DISH closed at $32.35 a share yesterday.