Barclays analyst Mathieu Robilliard lowered the firm’s price target on Iridium (IRDM) to $38 from $45 and keeps an Overweight rating on the shares. The firm continues to see attractive growth ahead for the company, but at a slower pace than before due notably to the mid term threat posed by new players.
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Read More on IRDM:
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- Iridium price target raised to $41 from $40 at Deutsche Bank
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