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Fly News Breaks for September 10, 2019
MAXR
Sep 10, 2019 | 06:38 EDT
JPMorgan analyst Benjamin Arnstein started Maxar Technologies with an Overweight rating and $12 price target. The analyst views Maxar as a "high-risk/high-reward opportunity" in the Space industry. The next 24 months are critical as the company progresses on its turnaround plan and addresses its high leverage and debt levels, which should create value for equity holders, Arnstein tells investors in a research note. He believes Maxar should generate cash in 2021.
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