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Fly News Breaks for June 5, 2015
DISH
Jun 5, 2015 | 07:22 EDT
Macquarie downgraded DISH Network (DISH) to Neutral from Outperform. The firm believes the probability of a T-Mobile (TMUS) acquisition is high and the valuation of the new company would be $73. Macquarie maintained its $80 price target and is cognizant of a potentially long regulatory process and what could be a painful integration of a satellite-wireless asset.
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