EchoStar Stock Hits Record Highs on Upgrade, SpaceX Buzz

Telecommunications stock EchoStar Corp (NASDAQ:SATS) was last seen up 6.4% to trade at $99.54, after an upgrade from Morgan Stanley to "overweight" from "equal weight," with a price-target hike to $110 from $82.The firm stated that  “as a seller of Spectrum, SATS shares are either immune or stand to benefit from rising competition among US wireless carriers, creating a unique risk/reward relative to the broader industry,” Prior to today, SATS was already rallying due buzz over a potential SpaceX initial pub ...