EchoStar price target raised to $14.25 from $14 at Morgan Stanley

Morgan Stanley analyst Benjamin Swinburne raised the firm’s price target on EchoStar to $14.25 from $14 and keeps an Equal Weight rating on the shares. Echostar’s primary focus is capital raising and preserving cash in 2024 and the key focus beyond capital raising is the extent to which it can reduce its opex base without exacerbating the already challenging revenue trends at both its Pay-TV and Wireless segments, the analyst tells investors in a research note.