Morgan Stanley lowered its rating for Voyager Technologies, Inc. (NYSE:VOYG) to underweight from equal weight. The investment bank maintained a $39.00 price target for the shares.
Analyst Kristine Liwag identified more compelling investment opportunities within the U.S. national security space sector. The firm cited a less attractive risk-reward profile compared to industry peers.
Morgan Stanley highlighted significant risks associated with the Starlab joint venture. The bank assigned a 33% probability to its discounted cash flow valuation for the project.
The $39.00 price target suggests potential upside from the stock's previous closing price of $29.78.