DISH Network Corp (DISH)

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Analyst upgrades Dish Network

Thursday October 2, 9:11 am ET
http://biz.yahoo.com/ap/081002/dish_network_ahead_of_the_bell.html?.v=1

Analyst upgrades satellite TV operator Dish Network due to its appealing stock price.

NEW YORK (AP) -- An analyst upgraded Dish Network Corp. Thursday due to the company's attractive stock price.

Gregory Lundberg of Soleil Securities Group Inc. boosted the satellite TV operator to "Equalweight" from "Underweight," saying the company might be able to retire all of its net debt with free cash flow in five years.

"Dish has performed over 25 percentage points worse than the S&P 500 since mid-June 2008, but we believe that our projections capture the downside inherent in Dish's business, including the loss of AT&T," Lundberg wrote in a client note.

Earlier this week AT&T Inc. picked DirecTV Group Inc. as its satellite TV partner, starting next year. Englewood, Colo.-based Dish had been hoping to renew its distribution deal with the phone company.

Dish shares were unchanged in premarket trading from Wednesday's closing price of $20.69.