MDA Space initiated with a Buy at Canaccord

Canaccord analyst Aravinda Galappatthige initiated coverage of MDA Space (MDA) with a Buy rating and C$56 price target The firm sees MDA being “in the sweet spot of the broader Aerospace & Defence universe,” citing growth, credibility, its track record, and upside potential. MDA is well positioned to benefit from expanding market opportunities across multiple areas, including defense, major satellite communications projects, and space programs, the analyst tells investors.