R.F. Lafferty lowered the firm’s price target on NextNav to $7 from $9 and keeps a Buy rating on the shares post the Q4 results. The reduced price target reflects a moderation in commercial adoption as the company focuses on government procurement projects, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on NN: