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Bearish Moffett takes Sell sign off Dish Network after decline

Jan. 03, 2019 9:21 AM ETDISH Network Corporation (DISH) StockDISHBy: Jason Aycock, SA News Editor1 Comment
  • After cutting Dish Network (NASDAQ:DISH) to Sell in August, MoffettNathanson's Craig Moffett is upgrading to Neutral, saying downside scenarios are priced in.
  • Dish has moved into positive ground in premarket trading, up a penny to $25.89.
  • "Risk-reward in owning Dish shares at last seems to us to be fairly balanced," he writes, after shares fell 48% in the past year. And there's still a lot of downside if the company doesn't sell its spectrum hoard -- but if they do, it's liable to come at a price above current trading prices, he says. (h/t Bloomberg)
  • Moffett's price target is $29, implying 12% upside.

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