AST SpaceMobile price target raised to $28 from $21.10 at Scotiabank

Scotiabank analyst Andres Coello raised the firm’s price target on AST SpaceMobile to $28 from $21.10 and keeps an Outperform rating on the shares. If the Federal Communications Commission remains firm on equivalent power flux-density levels, or EPFD, rules, the company could find itself as the sole licensed spacecraft control system in the world’s wealthiest telecom market, the analyst tells investors.