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.
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: