AST SpaceMobile Falls 7.55% After Piper Sandler Downgrade
Piper Sandler cut its rating on AST SpaceMobile from Overweight to Neutral and lowered its price target from $98 to $54. The shares were down 7.55% as of 1:00 p.m. ET.
m. ET. The decline followed Piper Sandler’s downgrade of the stock from Overweight to Neutral and reduction of its price target from $98 to $54. Analyst Alexander Potter said the change reflected lower conviction in…