Intuitive Machines price target lowered to $21 from $22 at Canaccord

Canaccord lowered the firm’s price target on Intuitive Machines (LUNR) to $21 from $22 and keeps a Buy rating on the shares. The firm said its Q4 results missed estimates but the company provided color on revenue generation from the IM-2 lunar mission as well as potential upcoming catalysts including government onctracts and backlog that will be recognized as revenue in 2025.