Barclays has initiated coverage on SpaceX (SPCX.O) for the first time, assigning the stock an overweight rating and setting a $254 price target, according to a BlockBeats flash update published on Oct. 9. The brief item did not include additional details on the bank’s valuation framework, earnings assumptions, or the reasons behind the rating. No further commentary from Barclays was provided in the source. The update was presented as a short market news alert.
Barclays has initiated coverage on SpaceX (SPCX.O) for the first time, giving the stock an overweight rating and a $254 price target, according to a BlockBeats flash update published on Oct. 9.
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