1132 ET - MDA Space's stock has run too far and is now fully valued, says ATB Cormark analyst David McFadgen, who cut the stock rating to sector perform from outperform. The downgrade triggers an 11% pullback to C$60.02, but the stock is still up more than double year-to-date. McFadgen says the stock is currently fully priced, but notes that the space tech company continues to offer a catalyst-rich story and that "there could be more upside due to the space theme and the SpaceX IPO." Still, he says "hoping for more upside carries significantly more risk." (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
May 29, 2026 11:32 ET (15:32 GMT)
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