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Fly News Breaks for May 25, 2018
VSAT
May 25, 2018 | 09:03 EDT
Wells Fargo analyst Andrew Spinola lowered his price target for ViaSat to $84 following the company's Q4 results. The quarter was "generally solid" versus cautious expectations into the print with the exception of expenses, Spinola tells investors in a research note. His major concern into the quarter was the health of Viasat-2 and he thinks the company did a good job of addressing those concerns. The satellite is taking longer to reach peak performance, but is near peak now and will be at peak by July/August, the analyst contends. He sees a number of potential catalysts to drive EBITDA growth from here and keeps an Outperform rating on ViaSat.
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