JPMorgan Gives York Space Systems 'Neutral' Rating with Upside Potential
York Space Systems (NYSE:YSS) received a 'neutral' rating from JPMorgan Chase & Co. in a research report issued on Monday, according to Benzinga.
The analysts reaffirmed their target price of $17.00 on the stock, down from $38.00 previously. Their price objective suggests a potential upside of 55.68% from the company's current price.
This is not the only view on York Space Systems, as other analysts have given varying ratings and recommendations. Weiss Ratings reaffirmed a 'sell' rating on shares, while Needham & Company LLC cut their price target to $18.00 with a 'buy' rating. Citigroup raised its price target to $33.00, also giving the company a 'buy' rating.
Insider activity has been notable in recent weeks, with major shareholder Blackrock Portfolio Management selling 200,170 shares at an average price of $10.99. This trade represented a 1.20% decrease in their position.