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Fly News Breaks for November 20, 2019
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Nov 20, 2019 | 07:30 EDT
Raymond James analyst Richard Prentiss upgraded Intelsat to Outperform from Market Perform with a $12 price target. In a research note to investors, Prentiss says he believes the ~75% pullback over the past 10 days was first related to speculation, and then the confirmation on Monday morning, that the FCC would run a public vs. private auction for 280 MHz. Given the recent dramatic pullback, Prentiss says he feels the risk /reward is now more interesting.
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