Barclays Lowers Iridium Communications (IRDM)’s Price Target
Iridium Communications Inc. (NASDAQ:IRDM) is among the 10 Best Space Exploration Stocks to Buy Now. Mathieu Robilliard, an analyst at Barclays, maintained an Overweight rating on Iridium Communications Inc. (NASDAQ:IRDM) target from 31 on July 28. The company lowered its post-earnings projections to account for less definite prospects for development in Iridium’s new verticals. Nonetheless, the company believes the stock’s price is supportive and the company’s growth is still appealing. Barclays L ...