Barclays analyst Kannan Venkateshwar upgraded Dish to Overweight from Equal Weight with a price target of $10, up from $5. The company’s earnings missed broadly on most headline metrics, but the Echostar (SATS) deal and any progress on the T-Mobile (TMUS) deal to buy 800MHz spectrum are likely the bigger catalysts for the stock, the analyst tells investors in a research note.
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Read More on TMUS:
- Barclays upgrades Dish to Equal Weight after EchoStar deal
- T-Mobile price target lowered to $210 from $1197 at TD Cowen
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- T-Mobile raises FY23 adjusted EBITDA view to $28.9B-$29.2B from $28.8B-$29.2B
- T-Mobile reports Q2 EPS $1.86, consensus $1.69