Dish price target lowered to $4.25 from $6 at Citi

Citi lowered the firm’s price target on Dish to $4.25 from $6 and keeps a Neutral rating on the shares. The firm updated its model to incorporate the company’s Q3 results. Dish’s results were “underwhelming,” with retail wireless subscribers below expectations coupled with a wider retail wireless OIBDA loss, the analyst tells investors in a research note. Citi says it model reflects the risks from higher costs, as the company is ramping up the marketing for its new 5G retail service.