Bank of America double-downgrades Dish, says shares could slump nearly 20%
Analyst David Barden double-downgraded the satellite TV provider to underperform from buy, saying in a Tuesday note that shares could fall nearly 20% as the timeline for its wireless network service build-out extends. "Over the past 12 months, the company has had to navigate a prolonged period of expected and unexpected technological challenges and would not likely hit cruising speed until 2024, by our estimate," he said.
mountain Dish shares fall on Bank of America double downgrade — CNBC's Michael Bloom contributed reporting
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