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Fly News Breaks for April 19, 2017
DISH
Apr 19, 2017 | 06:20 EDT
Deutsche Bank analyst Bryan Kraft trimmed his price target for DISH to $102 from $103 to reflect a lower valuation assumption on the company's 700MHz "E Block" spectrum licenses in light of the recent Broadcast Incentive Auction results. The analyst, however, keeps a Buy rating on the shares. DISH's implied spectrum valuation is still attractive at 92c per MHz-POP, the analyst contends. He thinks the upside potential is "asymmetrically positive."
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