BUZZ-York Space gains after J.P.Morgan flags demand spike, cost advantage
Reuters02-23
BUZZ-York Space gains after J.P.Morgan flags demand spike, cost advantage
** Shares of satellite manufacturer York Space YSS.N rise 6.06% to $27.48
** J.P.Morgan initiates coverage of YSS with "overweight" rating; sets PT of $39
** Cites YSS is poised for spike in demand and is leading supplier of transport layer satellites with meaningful cost advantage vs competitors
** Heightened geopolitical tensions have driven countries to invest more heavily in military space capabilities, including with satellites to make these capabilities more resilient, brokerage says
** YSS down 31.8% since its debut on January 29
(Reporting by Pragyan Kalita in Bengaluru)
((Pragyan.Kalita@thomsonreuters.com;))
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