EchoStar Corporation shares are trading higher after Raymond James upgraded the stock from Outperform to Strong Buy and announced a $28 price target.
Portfolio Pulse from Benzinga Newsdesk
EchoStar Corporation's stock has been upgraded from Outperform to Strong Buy by Raymond James, with a new price target of $28. This has resulted in a rise in the company's share price.
August 07, 2023 | 4:18 pm
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POSITIVE IMPACT
EchoStar Corporation (SATS) has received an upgrade from Raymond James, moving from Outperform to Strong Buy, with a price target of $28. This has led to an increase in the company's share price.
The upgrade from Raymond James is a strong positive signal for EchoStar Corporation. It indicates that the analyst firm has high confidence in the company's future performance. This has led to an increase in the company's share price, indicating positive market sentiment. The new price target of $28 also suggests potential upside for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100