Raymond James Maintains Strong Buy on EchoStar, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Ric Prentiss has maintained a Strong Buy rating on EchoStar (NASDAQ:SATS) but lowered the price target from $54 to $37.
November 07, 2023 | 7:25 pm
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EchoStar's price target has been lowered from $54 to $37 by Raymond James, though the Strong Buy rating is maintained.
The lowering of the price target by Raymond James could lead to a short-term negative impact on EchoStar's stock price. However, the maintained Strong Buy rating indicates that the analyst still sees potential in the company's long-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100