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Fly News Breaks for February 7, 2018
DISH
Feb 7, 2018 | 05:01 EDT
Citi analyst Jason Bazinet upgraded Dish to Buy with an unchanged price target of $54 following the recent pullback in the shares. The stock closed yesterday down $1.41 to $43.32. While Dish will likely build an Internet of Things network to meet FCC requirements, the "end game is still the same," Bazinet tells investors in a research note. He believes Dish will ultimately be sold to a third party for around $95 per share. His price target "discounts the bull case valuation by ~50% to account for the uncertainty related to the timing of any sale."
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