BofA analyst Ronald Epstein lowered the firm’s price target on Intuitive Machines (LUNR) to $10.50 from $16 and keeps an Underperform rating on the shares. Intuitive Machines surprised on positive free cash flow and improved adjusted EBITDA profitability last quarter, though the company noted that cash receipt lumpiness could revert in Q2, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUNR: