Satixfy Communications price target raised to $3 from $2.10 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on Satixfy Communications (SATX) to $3 from $2.10 and keeps a Neutral rating on the shares after the company and MDA Space (MDALF) agreed to amend the take out price to $3 per share after a third party made a bid. Satixfy has committed to not consider any other acquisition proposals, notes the analyst, who points out that shares are now trading at close to the higher take out price.

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