Raymond James analyst Ric Prentiss lowered his price target for EchoStar (SATS) to $61 from $68 and reiterated a Strong Buy rating to reflect the $8 per share special dividend of DISH Network (DISH) stock received with the closing of the DISH transaction. In a research note to investors, Prentiss says he believes ramping the new markets in Latin America, as well as optimizing capacity in the U.S. to higher ARPU subs, will generate revenue growth at the Hughes segment, and feels that while initial start-up costs from launching Latin American markets will be a slight headwind to Hughes' EBITDA margins, he expects this to be offset by improving margins in the U.S.