TD Cowen analyst Gregory Williams raised the firm’s price target on EchoStar (SATS) to $158 from $100 and keeps a Buy rating on the shares. The company should report upside results in Q4, though its “fundamentals will likely take a backseat for yet another quarter,” the analyst tells investors in a research note. TD cites an updated sum-of-the-parts analysis for EchoStar’s assets since the company began its spectrum sale process, particularly its stake in SpaceX, for the target boost.
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