As previously reported, Credit Suisse analyst Douglas Mitchelson upgraded Dish to Neutral from Underperform saying he finds that risk/reward and potential catalysts across wireless and Pay TV are now in balance. In particular, the analyst believes "video subscriber losses are at a nadir and likely to improve dramatically" in the second half of the year as programming dispute impacts expire, while the remaining subscriber base is longer-tenured, more rural, and thus lower churn. While pay TV financial results will likely be pressured all year, this pressure was already evident in Q1 results and improving subscriber losses will be considered a leading indicator, Mitchelson adds. He also raised his price target on the shares to $34 from $26.