JPMorgan Upgrades Maxar Technologies Ltd (MAXR) to Overweight

March 25, 2021 4:53 AM EDT
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Price: $38.52 -1.78%

Rating Summary:
    4 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 42
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(Updated - March 25, 2021 5:32 AM EDT)

JPMorgan analyst Benjamin Arnstein upgraded Maxar Technologies Ltd (NYSE: MAXR) from Neutral to Overweight with a price target of $47.00 (from $55.00).

The analyst comments "We rate MAXR Overweight. We see a clear path to operational improvement, with strong cash flow generation in 2023, driven largely by the launch of Maxar’s WorldView Legion, which should allow for multiple expansion."

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 $33.64 yesterday.

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