MAXR - Maxar Technologies upped at JPMorgan after pullback opens entry point

Maxar Technologies (MAXR) shares have pulled back since last week's $400M public offering, prompting a JPMorgan upgrade from Neutral to Overweight on the more attractive valuation.Analyst Seth Seifman says the company's key catalysts are "launching WorldView Legion satellites starting later this year and news on the company’s EnhancedView contract."Price target is lowered from $55 to $47, but the analyst doesn't see the PT as "a cap" since "better FCF yield is possible" with improved leverage.Maxar shares are up 3.8% pre-market to $34.93.Background: Last week, Maxar priced a $400M common stock offering at $40 per share.

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Maxar Technologies upped at JPMorgan after pullback opens entry point