JP Morgan Downgrades Viasat to Neutral, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Philip Cusick has downgraded Viasat (NASDAQ:VSAT) from Overweight to Neutral and reduced the price target from $29 to $15.
September 17, 2024 | 1:11 pm
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JP Morgan has downgraded Viasat from Overweight to Neutral and significantly lowered the price target from $29 to $15, indicating a less optimistic outlook.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan suggests a shift in sentiment towards Viasat, likely leading to short-term selling pressure. The significant reduction in the price target from $29 to $15 further underscores a bearish outlook.
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