Citi raised the firm’s price target on EchoStar (SATS) to $87 from $85 and keeps a Neutral rating on the shares. The company’s earnings call affirmed that it is undergoing “transformational change,” the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SATS:
- EchoStar price target lowered to $82 from $91 at Morgan Stanley
- EchoStar Reports Significant Loss Amid Strategic Shifts
- EchoStar’s Strategic Moves and Earnings Call Insights
- Midday Fly By: Qualcomm reports Q4 beat, Schwab acquires Forge
- Elon Musk’s SpaceX Buys $2.6 Billion in Airwaves from EchoStar to Boost Starlink’s Reach