- The shares of DISH Network Corp (NASDAQ: DISH) have received a price target increase from $15 to $40 by MoffettNathanson. These are the details.
The shares of DISH Network Corp (NASDAQ: DISH) have received a price target increase from $15 to $40 by MoffettNathanson. And MoffettNathanson analyst Craig Moffett had upgraded Dish shares from a “Sell” rating to “Neutral.”
Moffett cited DISH Network’s recent services agreement with AT&T. And Moffett said that AT&T granted DISH a new lease on life and more. And it afforded DISH with enormous optionality.
Plus Moffett pointed out that the DISH and AT&T network service agreement is a game-changer for DISH and a disastrous result for wireless incumbents. The extended timeline granted in the agreement not only gives DISH more time to build out its network. But it also improves the chances of strategic partnership and future financing. As a result, Moffett views DISH’s bankruptcy risk as being much lower.
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