ViaSat downgraded to Underweight from Equal Weight at Barclays

Barclays analyst Mathieu Robilliard downgraded ViaSat (VSAT) to Underweight from Equal Weight with a price target of $23, up from $10. A breakup of the company could yield a valuation of potentially $36 per share, but there is no certainty of such a deal materializing, the analyst tells investors in a research note. The firm sees limited growth in ViaSat’s satellite business as competition continues to increase. It cites valuation for the downgrade to Underweight.