RBC Lifts Price Target for MDA Space to $60.00

MDA Space (NYSE:MDA) received a boost from Royal Bank of Canada when it lifted its price objective to $60.00, up from $58.00.

The 'outperform' rating by Royal Bank of Canada suggests that the stock could see a potential upside of 77.94% from its current price of $33.72.

Other brokerages have also weighed in on MDA Space, with Scotiabank and Canadian Imperial Bank of Commerce reiterating their 'outperform' ratings, while Jefferies Financial Group upgraded the stock to a 'strong-buy' rating.

The consensus price target for MDA Space is $48.75, according to MarketBeat's data.