TSX:MAXR - Post Discussion
Post by
zack50 on Jun 21, 2022 9:24am
Coverage initiated...
Calling it an “established space name with exposure to long-term growth trends,” Wells Fargo analyst Matthew Akers initiated coverage of Maxar Technologies Inc. with an “overweight” rating and US$39 target. The average is US$44.14. “MAXR is the established leader in satellite earth imaging, with potential upside in space infrastructure if the LEO small satellite boom plays out as planned,” he said. “We think MAXR’s recent EOCL contract win de-risks its earth observation outlook, while its upcoming Legion satellite launches provide a catalyst and further expand its lead in high-resolution imaging. MAXR’s multiple could expand and cash flow could benefit as it de-leverages.”
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