AT&T Interested in DISH Asset, Finisar Sales Tracking Higher, EQT Undervalued

AT&T, Inc. (NYSE:T): Credit Suisse said AT&T’s (NYSE:T) January 26 letter to the FCC in which it comments on DISH’s (NASDAQ:DISH) pending ATC waiver indicates AT&T is interested in DISH’s S-band spectrum and is attempting to increase its negotiating leverage for a potential transaction. Shares of DISH are Outperform rated with a $34 price target.

First California Financial Group, Inc.(NASDAQ:FCAL): Sterne Agee increased its target on First California after the bank reported higher than expected Q4 EPS. The firm expects the bank to outperform small bank peers and it maintains a Buy rating on the stock.

Finisar Corp.(NASDAQ:FNSR): Piper Jaffray believes Finisar has begun taking market share from flood-impacted competitors and that the company’s sales are tracking at the higher end of guidance and above consensus. The firm expects Finisar’s share gains to continue into the April quarter and keeps an Overweight rating on the stock.

Alkermes, Inc.(NASDAQ:ALKS): Cowen said the approval of Amylin’s (NASDAQ:AMLN) Bydureon drug will bring benefits to Alkermes (NASDAQ:ALKS) including pipeline visibility and improved valuation. Shares are Outperform rated.

EQT Corporation(NYSE:EQT): After EQT reported stronger than expected Q4 results, BMO Capital views the stock as one of the most undervalued in its coverage. The firm maintains a $65 target and Outperform rating.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com