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Fly News Breaks for May 12, 2015
DISH
May 12, 2015 | 08:45 EDT
Brean Capital noted DISH posted better than expected Q1 earnings and revenues despite weak subscriber results. The firm sees upside in the company's spectrum optionality, but noted that management offered little insight into its intentions for monetizing it. Brean Capital weighed various outcomes and said with SlingTV as a precursor of a mobile video offering designed for wireless distribution, the shares are likely undervalued at current levels. Brean Capital reiterated its Buy rating and $88 price target on DISH shares.
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