Q: Why is MDA stock price falling?
Thanks
Thanks
5i Research Answer:
There have been some analyst price target cuts, and we think this is continued spillover weakness from the contract termination from EchoStart Corp. It also released a market update that it is monitoring fluctuations in its share price that appear to be the result of unconfirmed and speculative media reports related to mergers and acquisitions in its customer base. We would prefer to wait until its share price can find support before getting more interested in the name here.