Canaccord Adams Maintains a 'Buy' on GeoEye (GEOY); Raises Price Target
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Canaccord Adams maintains a 'Buy' on GeoEye, Inc. (Nasdaq: GEOY), raises price target from $35 to $40.
Canaccord analyst says, "Our DCF analysis points to an increased target price, driven by our assumption for less frequent material capital expenditures geared toward satellite construction as existing satellites tend to operate longer than their estimated useful lives."
To see more analyst ratings on GEOY Click Here.
GeoEye, Inc., together with its subsidiaries, provides imagery and imagery information products and solutions to the U.S. government, including the national security community, and international customers and North American commercial customers.
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