MDA Space Ltd TSE: MDA stock News
On May 29, 2026, MDA Space Ltd. (TSE: MDA) shares experienced a 7.6% decline following a rating downgrade from ATB Cormark. The brokerage revised its recommendation from "Outperform" to "Sector Perform" and established a price target of CA$67.00. The downgrade was attributed to a more balanced risk--reward profile after the stock's 152% year--to--date rally and the completion of its dual--listing on the New York Stock Exchange. While the company maintains a strong CA$3.7 billion backlog and a CA$40 billion project pipeline, analysts suggested that the current valuation already prices in significant near--term growth, leading to a more neutral market outlook.