Barclays analyst Mathieu Robilliard lowered the firm’s price target on ViaSat to $30 from $40 and keeps an Equal Weight rating on the shares. At its latest results Viasat announced a strategic change and Iridium posted solid results but announced the end of its D2D project with Qualcomm, the analyst tells investors in a research note. As a whole, the satellite industry is “at a key juncture” with new demand opportunities abound but the phasing is uncertain, says the firm. It sees lower execution risk but also lower growth for ViaSat.
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