Intuitive Machines price target lowered to $10.50 from $16 at BofA

BofA analyst Ronald Epstein lowered the firm’s price target on Intuitive Machines (LUNR) to $10.50 from $16 and keeps an Underperform rating on the shares. Intuitive Machines surprised on positive free cash flow and improved adjusted EBITDA profitability last quarter, though the company noted that cash receipt lumpiness could revert in Q2, the analyst tells investors in a research note.