UPDATE: Citi Downgrades Dish Network Based On Fairly Valued Spectrum

In a report published Thursday, Citi Research analyst Jason Bazinet downgraded Dish Network (NASDAQ: DISH ) from Buy to Neutral and maintained a $61.00 price target as the company's spectrum is fairly valued. Last August, Bazinet commented that Dish Network's spectrum was undervalued by the market and listed Dish's spectrum