Intuitive Machines price target lowered to $12 from $20 at Roth MKM

Roth MKM lowered the firm’s price target on Intuitive Machines (LUNR) to $12 from $20 and keeps a Buy rating on the shares. Roth noted that despite the IM-2 mission completed prematurely given a landing anomaly, the firm continues “to be constructive on the lunar transport learnings of Intuitive Machines that can inform future missions,” adding that it is also encouraged that the company has “gained experience with the strategic south pole region of the moon.”