York Space Systems shares are trading lower. The company announced it has been selected for the U.S. Space Force NITE-STAR contract. Also, Canaccord Genuity downgraded the stock from Buy to Hold rating and lowered its price target from $36 to $13.5.

U.S. Space Force Selects York Space Systems For Space Data Network Backbone Program To Provide Data Network Built On Commercial Technologies

York Space Systems (York) (NYSE: YSS), a leading, US-based national defense and commercial prime providing a comprehensive suite of mission-enabling solutions, has been selected by the United States Space Force (USSF)

Truist Securities Maintains Hold on York Space Systems, Lowers Price Target to $14

Truist Securities analyst Alexandra Mandery maintains York Space Systems (NYSE:YSS) with a Hold and lowers the price target from $26 to $14.

Shares of space-related companies are trading lower, possibly amid sympathy for peer SpaceX, which is experiencing a sell-off due to the expiration of its second lockup period.

Jefferies Maintains Buy on York Space Systems, Lowers Price Target to $15

Jefferies analyst Sheila Kahyaoglu maintains York Space Systems (NYSE:YSS) with a Buy and lowers the price target from $32 to $15.