B. Riley raised the firm’s price target on Globalstar (GSAT) to $4 from $3.75 and keeps a Buy rating on the shares post the Q3 report. The firm believes the company benefited from outsized wholesale capacity revenue due to the achievement of performance-based bonuses.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GSAT: