Street Likes What it Sees from Satellite TV - FTA

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01-24-2008, 07:05 PM

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Street Likes What it Sees from Satellite TV

Two Wall Street upgrades amounted to good news for DIRECTV and DISH Network.

Citing the potential for DIRECTV's HD platform, Kaufman Bros. analyst Todd Mitchell raised his rating on the company's stock to "buy" from "hold." The analyst has a $28 price target on DIRECTV shares.

As for DISH, Bear Stearns upgraded the stock from "underperform" to "peer perform."

The upgrades gave a boost to each company stock. During trading Wednesday, DIRECTV shares climbed more than 6 percent to $21.35. DISH was up nearly 2 percent to $28.61.

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