Barclays upgrades Dish to Equal Weight after EchoStar deal

Barclays analyst Kannan Venkateshwar upgraded Dish (DISH) to Equal Weight from Underweight with a price target of $10, up from $5. The merger with EchoStar (SATS) and potential exercise of the spectrum purchase option with T-Mobile (TMUS) should buy Dish “at least another year, if not more,” to deal with its capital needs, the analyst tells investors in a research note. The news today should eliminate one of the biggest concerns in the near term for Dish, or the ability to fund its upcoming maturities, says the firm.