J.P. Morgan downgrades York Space to 'neutral' after 2026 guidance cut
BUZZ-J.P. Morgan downgrades York Space to 'neutral' after 2026 guidance cut ** J.P. Morgan downgrades York Space YSS.N to "neutral" from "overweight"
** More than halves PT to $17, which still represents a 55.5% upside to the stock's close on Friday; Stock down marginally at $10.89 premarket
** On Friday, satellite manufacturer cuts its FY'26 revenue forecast due to slower government contract awards
** JPM says York's success requires high-volume production and strong market share
** "York may get there ... but the path isn't very clear right now, with the company likely facing tough competition in an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract environment"
** Avg rating of 10 analysts is "buy"; median PT is $32.5 - data compiled by LSEG
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))
Recent news on York Space Systems
See all newsBrief: York Space Systems Secures $187 Mln Contract For Tomorrow.io DeepSky Constellation
Brief: York Space Systems Selected For U.S. Space Force Nite-Star Contract To Support National Space Test And Training Complex
U.S. RESEARCH ROUNDUP-Everpure, Marvell Technology, Okta
U.S. STOCKS ON THE MOVE - Nvidia, Gold miners, Nike
U.S. STOCKS ON THE MOVE - Sunrun, JetBlue Airways, Dell Technologies