1137 ET - MDA Space has a unique exposure to the trends that are driving the space boom, says Erin Kyle of CIBC, who initiates the stock with an outperformer rating and a C$57 target. The analyst notes as well that the space-technology company's status as a scaled, well-capitalized and profitable pure-play company stands out in industry of mostly unprofitable peers. The company also has important near-term catalysts linked to funded programs, reinforcing our confidence in the company's trajectory. "The space sector is entering a new secular growth phase, and MDA sits at the intersection of multiple structural tailwinds," Kyle says. Shares are up 1% at C$53. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

May 14, 2026 11:37 ET (15:37 GMT)

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