York Space Systems initiated with a Buy at Canaccord

Canaccord analyst Austin Moeller initiated coverage of York Space Systems (YSS) with a Buy rating and $36 price target The firm says York is an end-to-end manufacturer and operator of satellites for the national security and civil space community. York provides satellite services to customers via its software suite and 34 active ground stations with 45 antennas, generating higher-margin service revenue from its growing installed base of customer satellite constellations, the analyst tells investors in a research note.