York Space Systems price target lowered to $26 from $30 at Truist

Truist analyst Michael Ciarmoli lowered the firm’s price target on York Space Systems (YSS) to $26 from $30 and keeps a Hold rating on the shares after its Q4 earnings miss. The firm notes however that while backlog for the company was down sequentially, the management called out an $11B pipeline of opportunities that is largely government concentrated, adding it is encouraged by the commercial booking and that increased order flow will drive its sentiment on the stock, the analyst tells investors in a research note.