Deutsche Bank upgraded satellite television concern EchoStar Communications (nasdaq: DISH - news - people ) to a "buy" rating from "hold." "We believe EchoStar's shares have greater than 10% upside, given the rising asset values for key content and distribution assets in media," the research firm said. Deutsche Bank also lifted its price target for the stock to $48 from $36. "Content and distribution media companies are clearly consolidating, perhaps down to just three to four major vertically integrated conglomerates," the research house said. "Echostar is the only remaining independent national video platform and with over 9 million subscribers is also the largest independent multi-channel provider."
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