Deutsche Bank Initiates Coverage On Telesat with Hold Rating, Announces Price Target of $9
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Edison Yu initiates coverage on Telesat (NASDAQ:TSAT) with a Hold rating and a price target of $9.

April 30, 2024 | 10:28 am
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Deutsche Bank initiated coverage on Telesat with a Hold rating and a price target of $9.
The initiation of coverage by a major bank like Deutsche Bank generally brings increased attention to a stock. However, a Hold rating suggests a neutral outlook, indicating that the analyst believes the stock is fairly valued at its current price. The price target of $9 provides a specific expectation for the stock's future performance but does not suggest a significant upside or downside, hence the neutral impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100