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Terran Orbital downgraded to Neutral from Buy at B. Riley

B. Riley analyst Mike Crawford downgraded Terran Orbital to Neutral from Buy with a price target of $1.35, down from $2.50. The analyst cites concerns of questionable disclosures and further revenue slippage from the company’s primary customer, Rivada Space Networks, for the downgrade. The firm is “awaiting another shoe to drop.”

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