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Fly News Breaks for May 20, 2016
DISH
May 20, 2016 | 06:46 EDT
Jefferies analyst Mike McCormack added DISH to his firm's Franchise Pick List saying the Street has an "overly bearish" view on the stock. Investors are concerned over a lack of share catalysts while the company's spectrum value is being substantially underappreciated, McCormack tells investors in a research note. The analyst sees "many outcomes and opportunities" to realize value for DISH shareholders, and the potential for 80% share upside. He keeps a Buy rating on DISH with an $80 price target. DISH shares closed yesterday down 51c to $44.39.
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