One winner from the failed merger between Sprint (S) and T-Mobile (TMUS) could be Dish Network (DISH) .

Analysts at Pivotal Research upgraded the direct-broadcast satellite service provider to "Buy" from "Hold" with a $65 price target over several possibilities that currently make the stock attractive.

The first is that T-Mobile could make a run at the company or Dish's spectrum portfolio.

"In our opinion, post the TMUS/S deal failure there is a reasonable chance that TMUS could make a play for DISH or DISH spectrum as it would immediately vault the most disruptive U.S. wireless player into the leading U.S. spectrum position (w/ substantially more spectrum than underpins [Veirzon Wireless (VZ) '] "best in class" network)," the analysts wrote.

This potential move could "force" Verizon into making a counter offer for Dish's spectrum as "spectrum is ideally suited for VZ and to keep it out of TMUS' hands," they added.

Pivotal also notes that A&T (T) , after it closes its deal to acquire Time Warner (TWX) , should make a push for Dish's core business as to "significantly bolster" their DIRECTV business, which could then establish a satellite TV monopoly for AT&T.

Shares of Dish were spiking over 6% during mid-morning trading on Monday.

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