Core Viewpoint - EchoStar Corp's shares experienced a significant increase due to a $23 billion deal to sell a portion of its wireless spectrum portfolio to AT&T Inc, which is expected to enhance AT&T's 5G network capabilities [1][2]. Group 1: Deal Details - The agreement with AT&T is an all-cash transaction involving EchoStar's 3.45 GHz and 600 MHz spectrum licenses [2]. - The sale aims to provide AT&T with mid-band and low-band airwaves to strengthen its 5G network and fiber infrastructure [2]. - The deal is anticipated to close by mid-2026, subject to regulatory approval [2]. Group 2: Market Reaction - Following the announcement, EchoStar shares surged by 14.5%, reaching $58.32 [2]. - Analysts have adjusted their price targets for EchoStar in light of the deal [2]. Group 3: Analyst Ratings - TD Cowen analyst Gregory Williams maintained a Buy rating on EchoStar and raised the price target from $28 to $67 [4]. - Deutsche Bank analyst Bryan Kraft also maintained a Buy rating, increasing the price target from $43 to $67 [4]. - Morgan Stanley analyst Benjamin Swinburne kept an Equal-Weight rating and raised the price target from $25 to $59 [4].