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Fly News Breaks for June 28, 2016
DISH
Jun 28, 2016 | 08:55 EDT
As noted earlier, MoffettNathanson downgraded DISH to Sell from Neutral. The firm believes that DISH's ability to monetize its spectrum is limited, since none of the major telecom companies has enough funds to buy all or most of the spectrum. The firm thinks that many on the Street may be overestimating the value of the company's spectrum. It expects "downward pressure" on the stock to increase as investors begin to question whether DISH can sell its spectrum. Target $40.
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