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Piper Sandler lowered its rating to Neutral from Overweight and its price target to $54 from $98. The analyst cut satellite estimates to 18 by year-end 2026 and 60 by year-end 2027, and expects U.S. direct-to-cell service to begin in the second half of 2027.
Piper Sandler also cut its rating on AST SpaceMobile to Neutral from Overweight.
Oct 13 (Reuters) — Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Essex Property Trust, Qualys and Vulcan Materials on Tuesday. Highlights Essex Property Trust, Inc.: RBC cuts target price to $298 from $312 * Orion180 Insurance Group: RBC initiates co