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UPDATE: Wedbush Maintains Neutral Rating, Lowers PT for ViaSat

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In a report published earlier today, Wedbush Securities Inc. maintained its Neutral rating for ViaSat, Inc. (NASDAQ: VSAT), but slightly lowered its price target from $43.00 to $42.00.

Wedbush went on to say “In our view, ViaSat reported a slightly weaker-than-expected 4Q12. Revenues were better than expected due to strength in the Commercial Networks segment. The company indicated that there were no one-time items driving the Commercial Networks performance, but it was seeing strong international demand (Saudi Arabia, for example) as well as the initial ramp for Exede. However, margins in the Commercial segment were also slightly better than we expected, but the Satellite Services segment posted an operating loss of $16 million due to start-up expenses associated with the Exede roll out.”

ViaSat, Inc. closed yesterday at $43.75

Latest Ratings for VSAT

DateFirmActionFromTo
May 2016Drexel HamiltonDowngradesHoldSell
Oct 2015Wells FargoDowngradesOutperformMarket Perform
Nov 2014CRT CapitalMaintainsFair Value

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Posted-In: Wedbush SecuritiesAnalyst Color Price Target Reiteration Analyst Ratings

 

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