This TSX space and defence stock is a bright spot in an otherwise struggling index [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Stock of the week: MDA Space Ltd. The S&P/TSX composite index has returned all its gains for the year and then some, but there are still winners out there. Space and defence technology company MDA Space Ltd. (MDA:TSX) is up just over 61 per cent year to date and Desjardins Capital Markets analyst Benoit Poirier said in a report on March 19 that several catalysts should propel shares higher in 2026. Poirier hiked his price target to $53 from $51, the second increase this year, as “visibility” has increased on Canada's space program. Shares closed Friday just under $43. Among the government projects MDA is expected to benefit from are a $32 million ground-based space surveillance system and a strategic partnership with Canada's Department of National Defence and Telesat Corp. (TSAT:TSX) to build satellites to enhance communication over Canada's North. Following, the launch of MDA's U.S.-listed shares on March 12, Poirier calculated the Brampton, Ont.-based company reaped $444 million i
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