Deutsche Bank raised the firm’s price target on EchoStar (SATS) to $102 from $67 and keeps a Buy rating on the shares. The firm cites the announcement of the company selling sell its AWS-4 and H-Block licenses to Space-X for $17B for the target bump. The transaction adds $14.4B, or $42 per share, in estimated after-tax spectrum value, the analyst tells investors in a research note.
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