Intuitive Machines downgraded to Hold from Buy at Stifel

Stifel downgraded Intuitive Machines (LUNR) to Hold from Buy with a price target of $20, up from $18. Buy. The firm believes an announcement from NASA on the lunar terrain vehicle contract is imminent. However, an “unpredictable political climate” might introduce new uncertainty on whether the most qualified bid actually wins the competition, the analyst tells investors in a research note. With Intuitive shares near the price target and “increased nervousness” around the lunar terrain award, Stifel sees a more balanced risk/reward into the news.