Deutsche Bank analyst Edison Yu upgraded ViaSat (VSAT) to Buy from Hold with a price target of $15, up from $13. The firm still has concerns about Viasat’s core communication services business longer-term in the context of pressure from Starlink. However, Deutsche now sees “multiple paths” for the company to create equity value by materially deleveraging its balance sheet through asset monetization. The stock’s valuation is “increasingly compelling” at current levels, the analyst tells investors in a research note.
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