Citigroup Maintains Neutral Rating for DISH Network: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Neutral rating for DISH Network (NASDAQ:DISH) but lowered its price target from $9.00 to $6.00. DISH Network's shares are currently trading at $5.04, up 0.2% over the last 24 hours. A move to $6.00 would represent a 19.05% increase from the current share price. DISH Network's future primarily hinges on the wireless business, with plans to merge with EchoStar.
October 16, 2023 | 5:00 pm
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NEUTRAL IMPACT
Citigroup maintains its Neutral rating for DISH Network but lowers its price target. This could potentially impact investor sentiment and the stock's price.
The lowered price target by Citigroup could potentially lead to a negative sentiment among investors, which might impact the stock's price. However, the maintained Neutral rating indicates that Citigroup does not expect significant changes in the stock's performance in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100