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Fly News Breaks for March 24, 2016
DISH
Mar 24, 2016 | 07:41 EDT
UBS lowered its price target on DISH to $53 from $68 and prefers to remain on the sidelines pending the spectrum auction activity. The firm expects continued declines in satellite subscribers given the competitive landscape, but continues to believe there is long-term value at current prices. However, seeing no catalysts near-term, UBS maintains its Neutral rating on DISH shares.
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