UPDATE: Pivotal Research Downgrades Dish Network (DISH) to Hold

Pivotal Research analyst Jeffrey Wlodarczak downgraded Dish Network (NASDAQ: DISH) from Buy to Hold with a price target of $34.00 (from $42.00).

The analyst comments "Post a better than expected 4Q result in the core DTH business (a declining annuity which declined at a slower than expected pace), a likely transition year and half at Boost Mobile as the company sheds unprofitable subs, potential concerns about over/under spending by DISH in the upcoming C-Band auction disclosure, a push back in our 1H’21 outside (hopefully Internet player) wireless investment expectations and what we view as a later than expected launch of wireless we lowered our target price $8 to $34 and reduced our rating to HOLD."

For an analyst ratings summary and ratings history on Dish Network click here. For more ratings news on Dish Network click here.

Shares of Dish Network closed at $32.26 yesterday.

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