JP Morgan Upgrades Viasat to Overweight, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Philip Cusick has upgraded Viasat (NASDAQ:VSAT) from Neutral to Overweight, but lowered the price target from $35 to $30.
October 17, 2023 | 10:35 am
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POSITIVE IMPACT
Viasat has been upgraded to Overweight by JP Morgan, indicating a positive outlook. However, the price target has been lowered from $35 to $30.
The upgrade to Overweight suggests that JP Morgan sees potential in Viasat's stock, which could lead to a short-term increase in its price. However, the lowering of the price target might temper some of this optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100