Robert Iger, Chairman and CEO at The Walt Disney Firm speaks in Laguna Seashore, California, October 22, 2019.
Mike Blake | Reuters
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Listed here are a number of the finest analyst calls on Wall Avenue this week:
Raymond James- Intelsat, upgraded to outperform from market carry out
In a pointy blow to Intelsat, the FCC announced it planned to conduct a public auction for the company’s C-band spectrum, as an alternative of a non-public public sale. Raymond James upgraded the communication satellite tv for pc supplier’s inventory after it tanked on the information and stated it feels the danger/reward is “fascinating.”
“We consider the pullback was first associated to hypothesis, after which affirmation on Monday morning, that the FCC would run a public vs. personal public sale for 280 MHz (300 MHz together with a 20 MHz guard band) of the full 500 MHz within the C Band. Then the opposite shoe dropped on Monday afternoon when a Senate Invoice was launched echoing the FCC tweets, plus requiring at the least 50% of public sale gross proceeds be deposited into the U.S. Treasury, with the rest going to clearing prices after which the satellite tv for pc corporations at the moment utilizing the band.”
Longbow- Herc Leases & H&E Gear Providers, Purchase scores
Longbow stated in a observe to shoppers this week that development…