The stock could rally up to 137% in a bull case, according to Raymond James.
Raymond James sees big gains ahead for satellite services company EchoStar . Analyst Ric Prentiss upgraded share to strong buy from outperform. He set a base case price target of $28, which implies more than 44% upside from Friday's close. "We think the company is positioned very well at a critical juncture for the U.S. Satellite industry, driven by [a] significant strong balance sheet with $1.7B in cash and -$0.
mountain SATS in 2023 —CNBC's Michael Bloom contributed to this report.
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