Jefferies analyst Scott Goldman removed Dish from his firm's Franchise Pick list following the company's Q4 results. The analyst maintains a Buy rating on the shares with an $80 price target. Dish remains undervalued as its spectrum value remains underappreciated, Goldman tells investors in a post-earnings research note. He points out, however, that the company is no longer one of his highest conviction names as spend for a network build ramps and the potential for spectrum monetization is limited in the near-term given ongoing wireless carrier initiatives to add capacity.