Maxar Technologies downgraded to Tender from Buy at TD Securities

TD Securities analyst Tim James downgraded Maxar Technologies to Tender from Buy with a price target of $53, up from $34, following Advent International’s takeover offer. Taking into account the transaction multiple relative to historical precedents, and uncertainty related to Maxar’s future public valuation and operating outlook, realizing a $53 share price by mid-2023 "represents an attractive outcome for shareholders," James tells investors in a research note.