Pivotal Research analyst Jeffrey Wlodarczak raised the firm's price target on Dish (DISH) to $39 from $37 and keeps a Hold rating on the shares. The core Dish business is a "declining annuity" that declined at a slower than expected pace in Q4, Wlodarczak tells investors in a post-earnings research note. The shares have bounced post the favorable judicial ruling in the Sprint (S/)T-Mobile (TMUS) deal as investors appear to believe that Dish management may be about to announce a large financial backer for its wireless project or some other transformative event, adds the analyst. However, he believes investors are unlikely to have the patience for a multi-year buildout without "immediate massive" investment partners.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here