Inside the Market’s roundup of some of today’s key analyst actions

Desjardins Securities analyst Benoit Poirier does not see MDA Space Ltd. ’s ( MDA-T ) loss of a $1.8-billion satellite contract with U.S. telecommunications company EchoStar Corp. as a reflection of the company’s performance, the potential of its Aurora product or as “a signal of reduced global competitiveness.”

“The decision appears politically driven, with EchoStar now being viewed as a public proxy for SpaceX,” he said in a client note. “The satellite market is large and diverse and will not be ‘winner takes all’, making a Starlink monopoly unlikely. Many investors regret missing MDA’s rally. We see [Monday’s] pullback as a compelling entry point, with long-term industry tailwinds intact.”

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