TD Cowen analyst Gregory Williams lowered the firm’s price target on Dish to $12 from $32 and keeps an Outperform rating on the shares. The firm said they posted downside 3Q results with downside DBS/Wireless EBITDA and KPIs higher 5G costs and higher capex. With 5G/Boost delays, each passing downside quarter narrows the pathway to solve the B/S. Cowen continue to view Dish as a concept stock that can leverage 30B of unencumbered spectrum in meaningfully accretive ways.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DISH:
- Dish Network Stock (NASDAQ:DISH): A Dinosaur Nearing Extinction
- Dish price target lowered to $4 from $5 at Barclays
- Dish price target lowered to $9 from $21 at Pivotal Research
- DISH Network (NASDAQ:DISH) Falls as Q3 Results Miss Estimates
- Dish CEO Carlson to resign
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue