The Globe and Mail reports in its Wednesday, Aug. 6, edition that BMO Nesbitt Burns analyst Thanos Moschopoulos continues to rate MDA Space "outperform." The Globe's David Leeder writes that Mr. Moschopoulos's share target soared $20 to $53. Analysts on average target the shares at $48.57. Mr. Moschopoulos raised his financial forecast for MDA Space "significantly" following Friday's announcement of its $1.8-billion contract with American telecommunications company EchoStar to build more than 100 5G satellites, which he thinks provides "visibility for sustained growth." Mr. Moschopoulos says in a note: "While the stock was up 18 per cent [on Friday] following the news, we see additional upside based on our view that 1) EchoStar is likely to exercise its options to double the initial contract size; and 2) the stock's valuation doesn't adequately reflect MDA's strong competitive position in LEO (demonstrated, and reinforced, by this win), nor the potential for one or more of its three anchor LEO clients to continue scaling up their constellations to a far larger fleet over time." Mr. Moschopoulos thinks the contract reinforces MDA Space's "strong competitive position" in the low Earth orbit (LEO) satellite market.