Deutsche Bank analyst Bryan Kraft resumed coverage of EchoStar (ECHO) with a Buy rating and $143 price target. There has been a "massive disconnect" between the performance of SpaceX (SPCX) and EchoStar since the former's IPO almost a month ago, with the latter's stock price down 23% and SpaceX's share price up 19%, the analyst tells investors. This means "that not only do investors get the rest of ECHO's assets for free, but they're also buying SPCX at a 20% discount," the analyst argues.
