Morgan Stanley upgraded EchoStar (SATS) to Overweight from Equal Weight with a price target of $110, up from $82. The company says the company is benefiting from rising competitive intensity as a seller of spectrum. The upgrade reflects EchoStar’s opportunity to unlock value through tax-efficient spectrum sales, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SATS: