MarketPR
In focus for $LUNR: Stifel upgraded Intuitive Machines (NASDAQ: LUNR) to Buy from Hold after the company posted a second-quarter earnings miss that sent shares down as much as 13% on August 13.
The firm cut its price objective to $26 from $32 and anchored its upgrade on a $707 million backlog addition during the quarter that lifted the total order book to $1.76 billion.
The next read on whether that thesis holds is the following quarterly print. The Q2 print came in short on every headline metric.
Revenue was $206.2 million, well above the prior year's $50.3 million but below the $224 million consensus.
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