Stifel Downgrades Intuitive Machines Inc. (LUNR) to Hold

Stifel analyst Jonathan Siegmann downgraded Intuitive Machines Inc. (NASDAQ: LUNR) from Buy to Hold with a price target of $20.00 (from $18.00).

The analyst comments: "We are downgrading LUNR to a Hold from a Buy. As the newly appointed NASA Administrator, Jared Isaacman, settles into his new role and mandate from President Trump to develop an America First space policy that will not only return humans to the Moon but also build a sustained presence on the lunar surface, Stifel believes an announcement on the Lunar Terrain Vehicle (LTV) contract is imminent. We also believe that an unpredictable political climate, within and outside of NASA, might introduce new uncertainty on whether the most qualified bid actually wins the competition. With LUNR’s stock now above our prior PT and our increased nervousness around the LTV award, we see more balanced risk and reward around the upcoming award announcement."

For an analyst ratings summary and ratings history on Intuitive Machines Inc. click here. For more ratings news on Intuitive Machines Inc. click here.

Shares of Intuitive Machines Inc. closed at $19.63 yesterday.

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