UPDATE: Jefferies Reiterates Hold Rating, Raises PT on DISH Network Corp. Following Weaker 2Q Results

In a report published Thursday, Jefferies analyst Thomas Seitz reiterated a Hold rating on

, and raised the price target from $38.00 to $45.00. In the report, Jefferies noted, “DISH reported 2Q results that were weaker than expected. Revenues, EBITDA, gross adds, and net adds were all lower than forecast, while churn was above estimates, after the company raised prices. We believe DISH has a number of M&A and partnership options available to it including a merger with T-Mo or DTV and a partnership with Sprint. Absent a deal the company could focus on its core Pay-TV business. Price target to $45 (from $38), on optionality.” DISH Network Corp. closed on Wednesday at $45.32.