Beacon Securities analyst Russell Stanley says that the planned IPO of York Space Systems reinforces the valuation case for MDA Space (MDA Space Stock Quote, Chart, News, Analysts, Financials TSX:MDA), arguing that public-market pricing for comparable space and defence assets continues to imply substantial upside for MDA. Late Friday (Jan. 16), York Space Systems announced […]
Desjardins Securities analyst Benoit Poirier cut his target for MDA Space (MDA Space Stock Quote, Chart, News, Analysts, Financials TSX:MDA) to $43 from $56 after the company lost a $1.8-billion satellite contract with U.S. telecom EchoStar Corp., but reiterated a “Buy” rating, calling the market’s sharp reaction overdone. Shares of the Brampton, Ont.-based space technology […]
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