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Wells Fargo Sticks to Its Buy Rating for York Space Systems, Inc. (YSS)

Tipranks - Tipranks - Fri May 29, 4:44AM CDT

Wells Fargo analyst David E. Strauss maintained a Buy rating on York Space Systems, Inc. yesterday and set a price target of $35.00. The company’s shares closed yesterday at $35.11.

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According to TipRanks, E. Strauss is a 5-star analyst with an average return of 12.6% and a 66.49% success rate. E. Strauss covers the Industrials sector, focusing on stocks such as Boeing, York Space Systems, Inc., and Booz Allen.

In addition to Wells Fargo, York Space Systems, Inc. also received a Buy from Citi’s John Godyn in a report issued on May 19. However, yesterday, Truist Financial maintained a Hold rating on York Space Systems, Inc. (NYSE: YSS).

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Based on York Space Systems, Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $116.34 million and a GAAP net loss of $114.84 million. In comparison, last year the company earned a revenue of $76.61 million and had a GAAP net loss of $25.27 million

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