York Space Systems initiated with an Overweight at Wells Fargo

Wells Fargo initiated coverage of York Space Systems (YSS) with an Overweight rating and $35 price target The firm says York Space System is differentiated as a vertically integrated low-cost military satellite manufacturer that has captured significant share relative to its larger peers. The company is nearing profitability while still at relatively low levels of production with capacity in place to grow many times over as it capitalizes on what we forecast will be much higher Space Development Agency, Intelligence, and Golden Dome funding, Wells adds.