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Fly News Breaks for January 31, 2017
VSAT
Jan 31, 2017 | 05:53 EDT
Wells Fargo analyst Andrew Spinola upgraded ViaSat to Outperform saying the valuation is attractive for "strong" medium- and long-term growth from the Viasat-2 and Viasat-3 launches. The analyst expects EBITDA growth of 41% and 21% in FY19 and FY20, respectively. He raised his price target for the shares to $94-$98 from $76-$78.
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