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Brean Capital Reiterates Buy Rating, $42 PT on DISH Network

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In a report published Friday, Brean Capital reiterated its Buy rating and $42.00 price target on DISH Network Corp. (NASDAQ: DISH).

Brean Capital noted, “We think speculation of a DirecTV/DISH [collaboration] is premature. We believe DISH's CEO thinks he can create significant value by building out a wireless business. So why merge with DirecTV now? Why not wait until the two are at greater valuation parity. We note that the earliest and only unprompted comments on the desirability of a DirecTV/DISH merger came from DirecTV's CEO Mike White, not DISH's CEO Charlie Ergen. Perhaps DirecTV is worried about getting left behind in a strategic repositioning of satellite TV into a hybrid satellite/wireless service.”

DISH Network Corp. closed on Thursday at $34.63.

Latest Ratings for DISH

DateFirmActionFromTo
Jan 2017Morgan StanleyUpgradesEqual-WeightOverweight
Aug 2016MacquarieUpgradesNeutralOutperform
Jul 2016WunderlichDowngradesHoldSell

View More Analyst Ratings for DISH
View the Latest Analyst Ratings

Posted-In: Brean CapitalAnalyst Color Reiteration Analyst Ratings

 

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