Dish price target lowered to $18 from $24 at Morgan Stanley

Morgan Stanley analyst Benjamin Swinburne lowered the firm’s price target on Dish (DISH) to $18 from $24 and keeps an Equal Weight rating on the shares. At a high level, he views the current valuation at Dish reflecting "significant uncertainty" over the long-term value of its wireless business and he sees upside in shares if the company can prove out its postpaid mobile opportunity with Boost Infinite in 2023. However, Swinburne also balances that against what he sees as "continued operational and technology challenges" in getting to market and a "still uncertain" financing position.