Raymond James raised the firm’s price target on ViaSat (VSAT) to $74 from $50 and keeps an Outperform rating on the shares. The stock is up about 82% in recent month, which the firm believes is partly driven by speculation around spectrum monetization opportunities with Amazon’s (AMZN) recent purchase of Globalstar (GSAT) the latest catalyst, notes the analyst. The firm sees more opportunity at current levels in ViaSat than Iridium (IRDM), which the firm downgraded to Market Perform.
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