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Fly News Breaks for August 25, 2017
VSAT
Aug 25, 2017 | 08:28 EDT
Wells Fargo says that the delay of ViaSat's Viasat-2 satellite due to civil strife last quarter was "a temporary slowdown," while other headwinds the company is facing are also "temporary." The firm remains upbeat on the company's longer term outlook and thinks sentiment towards the name could greatly improve soon as investors begin discounting what it sees as the upcoming success of Viasat-2. Wells expects the company's EBITDA to rise sharply, resulting in a rally in the stock. It added the name to its Priority Stock List and keeps an Outperform rating on the shares.
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