Beacon Securities analyst Russell Stanley reiterated a “Buy” rating on MDA Space (MDA Space Stock Quote, Chart, News, Analysts, Financials TSX:MDA) and raised his price target to a street-high $60.00 from $50.00 in a Jan. 29 report, citing valuation support from York Space Systems’ newly priced IPO and improving technical momentum in MDA shares. Stanley […]
Why MDA Space is worth more than you thinkBeacon 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 […]