Wunderlich Maintains Hold on ViaSat

Wunderlich is out with its report today on ViaSat

, maintaining Hold. In its report, Wunderlich writes, "If all goes well, ViaSat's ViaSat-1 will reach orbit by midnight next Wednesday, and service the enhanced capacity ViaSat-1 will provide (more than 10x current ViaSat broadband satellite service) will start before February. We believe actuaries calculate the chance of failure to be about 5%, a small chance, but if it happens we believe the setback will be sufficient to justify a markdown of about 35% from yesterday's closing price to $24. Our Hold rating and $43 target remain unchanged." Shares of VSAT closed Tuesday at $36.72, up 1.38% from Monday's close.