BUZZ-EchoStar Corp rises after TP increases
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EchoStar Corp's shares rose 2.93% in premarket trading after brokerages increased their target prices following a $17 billion deal to sell wireless spectrum to SpaceX. TD Cowen raised its price target to $100 from $67, while Deutsche Bank increased its target to $102 from $67, citing the deal's significant after-tax spectrum value. EchoStar's stock has surged 252.10% year-to-date, benefiting from the resolution of its dispute with the FCC and the expansion of satellite service for Boost Mobile subscribers.
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