ViaSat upgraded to Outperform from Market Perform at Raymond James

Raymond James analyst Ric Prentiss upgraded ViaSat (VSAT) to Outperform from Market Perform with a $52 price target Despite very strong stock performance over the past six months, the firm believes there remains “substantial” sum-of-the-parts upside plus several catalysts as investors are starting to recognize the significant value of the Defense & Advanced Technologies business. Launch risks, along with SpaceX Starlink competition, uncertainty on the strategic review outcome and timing, and minor government shutdown risks, keep the firm from going to Strong Buy, but it thinks the risk/rewards are “quite compelling,” the analyst tells investors.