Dish price target lowered to $18 from $33 at Citi

Citi analyst Michael Rollins lowered the firm’s price target on Dish to $18 from $33 and keeps a Buy rating on the shares. The analyst updated the firm’s model following the Q4 results, reflecting higher cost of capital and further investments in the company’s network expansion. The firm also sees elevated risks for Dish in the current operating and financing environment. Citi’s "concern is rising" on the near-term impact to Dish’s financial performance from the system outage issues that have persisted for over a week.