TSX:MDA - Post Discussion
Post by
zack50 on Aug 24, 2022 2:25pm
Analyst Coverage...
Canaccord Genuity analyst Doug Taylor lowered his price target on MDA Ltd following updated management guidance and second-quarter results. He notes that while MDA continues to deliver on growth from its core business lines, timetables for key programs have been delayed. “Most acutely, we await confirmation of Telesat Lightspeed’s status as Telesat works toward solidifying financing amid an evolving global satellite services landscape,” he said. MDA announced last year that it was selected to provide one of the critical technology subsystems on Telesat Lightspeed, the Low Earth Orbit satellite broadband network recently unveiled by Telesat, one of the world’s largest satellite operators.
He maintained a “buy” rating given MDA’s still strong growth profile and relatively inexpensive valuation, but trimmed his target price to C$12 from C$15.
The average Street target price is C$10.75.
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