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Globalstar price target raised to $25 from $14.85 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Globalstar (GSAT) to $25 from $14.85 and keeps an Equal Weight rating on the shares. Globalstar’s contract finalization with MDA Space announced on February 10 solidifies its Extended MSS Network opportunity, says the analyst, whose new target factors in the new agreement and updates to the firm’s model post the company’s reverse stock split.

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