The Globe and Mail reports in its Friday, June 23, edition that Scotia Capital analyst Konark Gupta has assumed coverage of MDA with a "sector outperform" recommendation. The Globe's David Leeder writes that Mr. Gupta calls MDA a "rare profitable, well-funded pure-play space company." Mr. Gupta targets the shares at $12. Analysts on average target the shares at $10.71. Mr. Gupta says in a note: "The company touches nearly every aspect of the space ecosystem and is benefiting from positive long-term secular tailwinds in the global space market, which has attracted significant public and private capital over the past decade as commercialization increases and investors realize the long-term potential of the industry. ... Just a handful of companies are poised to deploy several thousand satellites over the coming years. MDA is currently building 17 LEO satellites for Apple. ... It recently supplied a significant number of antennas for OneWeb's LEO constellation. ... While MDA's growth potential is solid, driven by several large programs and a strong opportunity pipeline, the stock's valuation is deeply discounted as management rebuilds credibility after reducing 2022 guidance twice since the initial public offering."