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Citi opens ‘upside 90-day catalyst watch’ on EchoStar

Citi analyst Michael Rollins placed a “upside 90-day catalyst watch” on shares of EchoStar (SATS) while keeping a Neutral rating on the name with an $85 price target The stock should trade higher in the near-term given the potential for additional spectrum sales, the analyst tells investors in a research note.

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