Maxar Technologies Stock Just Popped on J.P. Morgan's Say-So [The Motley Fool]
Maxar Technologies Inc. (MAXR)
Last maxar technologies inc. earnings: 3/2 04:08 pm
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Source: The Motley Fool
Maxar Technologies Stock Just Popped on J.P. Morgan's Say-So Maxar's CEO says he's "excited" about the stock, and so is this analyst. Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope.... Shares of Canadian-American space-tech company Maxar Technologies ( NYSE:MAXR ) are hopping in early Tuesday trading, up double digits on a positive note by stock superstore J.P. Morgan. In a note this morning, J.P. Morgan initiated coverage of Maxar stock with an overweight rating and a $12 price target -- predicting better than a 50% profit for investors who are willing to buy a high-risk stock in hopes it will turn out to be a "high-reward opportunity," says TheFly.com today. And as we learned over the weekend, J.P. Morgan isn't the only one excited about this stock. Last week, G.research
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