Stifel initiated coverage of Intuitive Machines (LUNR) with a Buy rating and $18 price target The firm says the company is an “early mover” in the “emerging but geopolitically” important lunar infrastructure market. The company has established advantaged positions in multiple lunar verticals including delivery services and lunar communication, the analyst tells investors in a research note. Stifel believes pending contract decisions over the next six months create an “opportune time” to buy Intuitive Machines shares ahead of positive award announcements.
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