Dish Upgraded by Analyst

Oct 10, 2008  •  Post A Comment

Sanford Bernstein analyst Craig Moffett upgraded Dish Network stock Friday to “market outperform,” while at the same time warning that the company could be crippled if a judge orders it to shutdown 4 million set-top boxes in the TiVo case, Multichannel News reports. Dish shares traded down 90 cents, or 6%, to $15.19 Friday. “Over the past six weeks, Dish shares have dropped by over 40%,” Moffett wrote in the report. “But as Dish shares have tumbled, key risks have evaporated. Our underperform thesis was premised on risks that subscriber growth could turn negative, and that AT&T’s support looked wobbly. Both risks have now been resolved (unfortunately, the wrong way) but now are finally fully priced in.”
—Jennifer Netherby

One Comment

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