Deutsche Bank yesterday morning downgraded ViaSat (VSAT) to Hold from Buy with a price target of $28, up from $18. The firm cited valuation for the downgrade with the shares up 185% since its upgrade to Buy on March 24. The analyst sees a more balanced risk/reward going forward.
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Read More on VSAT:
- ViaSat downgraded to Hold from Buy at Deutsche Bank
- ViaSat Inc. Earnings Call: Growth Amid Challenges
- ViaSat price target raised to $25 from $16 at Needham
- ViaSat Hold Rating: Balancing Strong Financials and Strategic Uncertainties
- Buy Rating for ViaSat: Strong Q1 Performance and Growth Prospects Amid Sector Variability