JPMorgan lowered the firm’s price target on EchoStar to $12 from $18 and keeps a Neutral rating on the shares. The company reported “noisy” Q4 results following its combination with Dish Network at year-end, the analyst tells investors in a research note. The firm remains on the sidelines as EchoStar’s wireless efforts continue to scale and pay TV pressures persist.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SATS: