Morgan Stanley Maintains Equal-Weight on EchoStar, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne maintains an Equal-Weight rating on EchoStar (NASDAQ:SATS) and raises the price target from $14 to $20.

September 13, 2024 | 11:44 am
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Morgan Stanley has increased its price target for EchoStar from $14 to $20, maintaining an Equal-Weight rating. This suggests a positive outlook on the stock's potential performance.
The increase in price target from $14 to $20 by Morgan Stanley indicates a positive reassessment of EchoStar's potential market performance. Maintaining an Equal-Weight rating suggests that while the stock is expected to perform well, it may not outperform the market significantly. This news is likely to have a positive short-term impact on the stock price as it reflects increased confidence from a major financial institution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100