Shares of Dish rise nearly 4% Monday after Raymond James upgraded the company to strong buy from market perform.
As part of the merger agreement for T-Mobile and Sprint approved by the Department of Justice,
Dish is set to buy prepaid mobile business assets and additional spectrum to become a wireless carrierRaymond James analysts Ric Prentiss and Chase Donovan estimated that there is a 15% chance Dish is forced to continue business as usual, but that its existing wireless spectrum assets and television business still warrant a higher stock price.
The analysts said there is a stronger chance that the lawsuit from the states results in additional benefits for the company. "We think it is an opportune time to buy DISH with the ... merger saga hopefully wrapping up in the next 6 months, and the ramping of 5G network deployments by U.S. carriers needing multiple spectrum bands," the analysts wrote in a client note on Monday morning.
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