Soleil Securities Starts Dish Network (DISH) at Underweight
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Soleil Securities initiates coverage on Dish Network Corp. (Nasdaq: DISH) with an Underweight rating and $24 price target.
The firm said, "Although the stock has lagged its peer, DIRECTV (DTV) recently, the same investment thesis that 1Q08 inflection point where Telco took more video share than Satellite/Cable applies and in the absence of a hedge against DISH's single product, video, DISH's competitors offer a comparable video product that can be subsidized with Internet, telephony, and wireless."
Shares of DISH closed at $33.66 yesterday.
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