MoffettNathanson Upgrades DISH To Neutral; Increased Price Target Implies 4% Downside

July 26, 2021 10:38 AM | 1 min read |

MoffettNathanson analyst Craig Moffett upgraded DISH Network Corp DISH to Neutral from Sell with a price target of $40, up from $15, implying a 4% downside.
The upgrade follows the company's services agreement with AT&T Inc T.
AT&T has offered Dish with enormous optionality, Moffett stated.
The network service deal is a game-changer for Dish and a disastrous result for the wireless game-changer.
The extended agreement gives Dish more time to build out its network and improves the likelihood of a strategic partnership and future financing.
Moffett now views Dish's bankruptcy risk as much lower.
Price action: DISH shares traded higher by 3.07% at $42.96 on the last check Monday.