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

July 16, 2021 7:10 AM | 24 seconds read | Make a Comment

Morgan Stanley analyst Matthew Sharpe initiated coverage of Maxar Technologies Inc 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.

Posted In: News Price Target Initiation Analyst Ratings Briefs

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