Barclays Downgrades ViaSat (VSAT) to Underweight

Barclays downgraded ViaSat (NASDAQ: VSAT) from Equalweight to Underweight with a price target of $60.00 (from $75.00).

Analyst Mathieu Robilliard cuts his recommendation on the equity following the weaker than expected Q3 report and says that APRU/ARPA growth above 5% or volume growth greater than 400k/400 would be required for the equity to be more attractive.

For an analyst ratings summary and ratings history on ViaSat click here. For more ratings news on ViaSat click here.

Shares of ViaSat closed at $66.60 yesterday.

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