York Space Systems price target lowered to $31 from $33 at Citi

Citi analyst John Godyn lowered the firm’s price target on York Space Systems (YSS) to $31 from $33 and keeps a Buy rating on the shares. The firm updated models in the aerospace and defense sector, saying it does not expect an “immediate V-shaped rally” without a resolution to the Middle East conflict. However, Citi sees buying opportunities following the recent selloffs, expecting the aerospace group to rally first, followed by defense.