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Morgan Stanley Initiates Coverage On Maxar Technologies, Sees 51% Upside

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Morgan Stanley Initiates Coverage On Maxar Technologies, Sees 51% Upside
  • Morgan Stanley analyst Matthew Sharpe initiated coverage of Maxar Technologies Inc (NYSE: MAXR) with an Overweight rating and $50 price target, implying a 50.9% upside.
  • Sharpe estimates accelerated revenue growth and improved margins as the planned WorldView Legion constellation of satellites appear online later this year. 
  • He expects the satellites to contribute about 10% revenue growth by 2023.
  • Price action: MAXR shares closed lower by 2.79% at $33.12 on Thursday.

Latest Ratings for MAXR

DateFirmActionFromTo
Aug 2021BarclaysInitiates Coverage OnEqual-Weight
Aug 2021Morgan StanleyMaintainsOverweight
Aug 2021Credit SuisseMaintainsNeutral

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View the Latest Analyst Ratings

 

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Posted-In: BriefsNews Price Target Initiation Analyst Ratings

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