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Analyst Downgrades Dish Network Shares After $320 Million Blockbuster Bid

6:34 AM PDT 4/7/2011 by Georg Szalai

Ahead of a court hearing on the proposed acquisition, Wunderlich's Matthew Harrigan calls the deal for the video rental firm "a questionable trade."

NEW YORK - Wunderlich Securities analyst Matthew Harrigan on Thursday downgraded shares of Dish Network to a rare "sell," citing concerns about subscriber momentum and recent acquisition moves, including the proposed purchase of video rental firm Blockbuster.

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