Scotiabank upgrades AST SpaceMobile (ASTS), citing improved valuation after 50% market cap pullback
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Scotiabank has upgraded AST SpaceMobile (NASDAQ:ASTS) from Underperform to Sector Perform, maintaining a price target of $45.60. This decision follows a 50% reduction in the company's market capitalization, leading to an improved valuation. AST SpaceMobile is highlighted as a top Reddit stock to invest in currently.
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