MDA Space (MDA) could see stronger investor interest and better access to US defense work following its recent US listing, RBC said in a note Wednesday.

The report said the NYSE listing should expand MDA's investor base and improve its ability to build business in the US, the largest space market.

"We view the transaction as also positive for valuation, opening the peer group to additional US-based space companies with significantly higher valuation multiples relative to MDA," it said.

"The greater defense focus will continue to be a positive for sentiment," the note added. RBC kept its outperform rating.

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