Goldman Sachs Starts Maxar Technologies Ltd (MAXR) at Buy, Says Attractively Priced

June 16, 2021 3:02 AM EDT
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Price: $29.52 -1.53%

Rating Summary:
    5 Buy, 9 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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(Updated - June 16, 2021 4:10 AM EDT)

Goldman Sachs analyst Noah Poponak initiates coverage on Maxar Technologies Ltd (NYSE: MAXR) with a Buy rating and a price target of $52.00.

The analyst comments "Valuation very attractive on normalized: The company has issued 2023 targets that we believe may actually be a bit conservative, and following a pullback in the stock this year, it now trades at a lower 2023 EV/EBITDA and FCF multiple than any other company in our Defense coverage (7X on both). We expect continued improvement in financials to drive a re-rating, as overhang from a challenging past cedes to a promising future."

For an analyst ratings summary and ratings history on Maxar Technologies Ltd click here. For more ratings news on Maxar Technologies Ltd click here.

Shares of Maxar Technologies Ltd closed at $35.97 yesterday.

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