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Intuitive Machines price target lowered to $18.50 from $19 at Canaccord

Canaccord lowered the firm’s price target on Intuitive Machines (LUNR) to $18.50 from $19 and keeps a Buy rating on the shares. The firm noted the company completed its $345M convertible debt offering at a $13.11/share conversion price and lowered its target to reflect potential future dilution from the offering.

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