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J.P. Morgan is out with its report today on DigitalGlobe
DGI, maintaining Overweight.
In a note to clients, J.P. Morgan writes, "Our FY11 and FY12 estimates and $36 price target are unchanged. We maintain our Overweight rating, primarily on valuation. Near-term, we sense the stock is unlikely to outperform until we get better
visibility into an expected commercial revenue ramp later this year."
Shares of DGI closed Thursday at $24.72, up 0.90% from Wednesday's close.
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