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Fly News Breaks for March 1, 2018
DISH
Mar 1, 2018 | 07:24 EDT
SunTrust analyst Greg Miller lowered his price target on Dish to $44 after the company's "another lackluster" quarter of earnings that highlighted "deteriorating fundamentals" in DBS business and little change to wireless/spectrum strategies. The analyst keeps his Hold rating, stating that Dish's higher-ARPU DBS declines will continue to outpace Sling net additions, weighing on its near term financial results. Miller adds that the DBS to OTT transition will also create headwinds, while viewing any spectrum monetization as "not imminent".
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