- Barclays analyst Mathieu Robilliard initiated coverage of SpaceMobile Inc (NASDAQ:ASTS) with an Overweight rating and a $29 price target, implying a 127.3% upside.
- SpaceMobile’s unique proposition, significant addressable market, and goal of extending mobile coverage everywhere via satellite seek to address a growing policy priority for governments bridging the digital divide. Robilliard sees a compelling investment opportunity if the technology works as planned and management executes.
- The company just launched its U.K. headquarter at Space Park Leicester.
- Price action: ASTS shares traded higher by 8.9% at $13.90 in the premarket session on the last check Monday.
McCormick Q2 Results Smashes Estimates; Raises FY21 Outlook
McCormick & Company Inc (NYSE:MKC) reported second-quarter FY21 sales of $1.56 billion, up 11% year-on-year, beating the consensus estimate of $1.47…
