Alliance Global Partners downgraded Satixfy Communications (SATX) to Neutral from Buy with a price target of $2.10, down from $3, after the company announced it will be acquired by MDA Space for $2.10 per share. The firm views the stock as fully valued given the pending takeover.
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Read More on SATX:
- SatixFy Communications Announces Special Meeting for Merger Vote
- SatixFy Reports Robust 2024 Growth and Announces Acquisition by MDA Space
- Satixfy reports FY24 revenue $20.6M, two estimates $18.25M
- SatixFy Communications Announces Merger with MDA Space
- MDA Space to acquire Satixfy Communications for $2.10 per share