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Dish Upgraded, Coca-Cola Enterprises Off Buy List, BMO Cuts Qualcomm


J.P. Morgan is upgrading shares of Dish Network (DISH) to OUTPERFORM from NEUTRAL and raising its price target to $72 from $61 a share. J.P. Morgan says there are more opportunities for shares to move higher. J.P. Morgan says Dish could partner with a national wireless carrier to host its spectrum, acquire all or part of T-Mobile U.S., sell some of its wireless licenses or build an independent national network. Goldman Sachs is removing Coca-Cola Enterprises (CCE) from its America's Conviction Buy List. Despite the move, Goldman is keeping Coca-Cola Enterprises as a BUY with a $50 a share price target. BMO Capital Markets is lowering its earnings estimates on Qualcomm to $88 a share, saying that the overall handset industry continued to slow in the second quarter and the Galaxy S5 launch was not enough to reinvigorate growth. Ruben Ramirez reports from the NYSE.