- Morgan Stanley analyst Matthew Sharpe initiated coverage of Maxar Technologies Inc MAXR with an Overweight rating and $50 price target, implying a 50.9% upside.
- Sharpe estimates accelerated revenue growth and improved margins as the planned WorldView Legion constellation of satellites appear online later this year.
- He expects the satellites to contribute about 10% revenue growth by 2023.
- Price action: MAXR shares closed lower by 2.79% at $33.12 on Thursday.
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