SunTrust analyst Greg Miller raised his price target on Dish to $38 after its above-consensus revenue and earnings in Q4, saying the company is "inching closer" to becoming a "full blown wireless operator" rather than just a "spectrum play". The analyst still keeps his Hold rating on the shares however given the little information regarding its wireless build, adding that the stock should trade sideways until a potential partner to share the associated costs emerges.
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Bearish flow noted in Dish Network with 3,393 puts trading, or 3x expected. Most active are Jan-24 17.5 puts and Jan-23 15 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 10.54, while ATM IV is up over 2 points on the day. Earnings are expected on February 22nd.