Dish price target lowered to $3 from $6 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Dish to $3 from $6 and keeps a Neutral rating on the shares. The analyst cites the company’s weaker than expected Q3 results, adding that the firm’s key takeaway from the earnings call was that Dish faces numerous challenges scaling its nascent postpaid retail wireless business. In particular, Dish is seeing a slower than expected timeline for supporting customers on its own fixed-cost network owing to limited support for VoNR and low penetration of compatible phones, along with limited traction with its initial marketing and distribution efforts for Boost Infinite.