Reported 1 day ago
Barclays has reduced the price target for Iridium Communications Inc. (IRDM) from $38 to $31 while maintaining an Overweight rating. This adjustment follows a decrease in post-earnings projections due to uncertain growth prospects for Iridium's new verticals. Despite the cut, Barclays views the stock price as supportive and continues to find Iridium's growth appealing.
Source: YAHOO