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 […]
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 […]
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