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Fly News Breaks for November 12, 2018
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Nov 12, 2018 | 07:37 EDT
As previously reported, Morgan Stanley analyst Simon Flannery upgraded Intelsat to Equal Weight from Underweight, stating that the C-band process has moved "remarkably quickly" through the regulatory process and he assumes gross proceeds of $20B from monetizing the spectrum. However, Intelsat's core satellite business continues to face secular and competitive headwinds, Flannery added in his note to investors. He raised his price target on Intelsat shares to $28 from $8.
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