$MDA

Canadian analysts updated ratings and price targets for various companies. Enbridge (ENB) and TC Energy (TRP) received upgrades, while Evertz Technologies (ET) saw multiple target reductions. Notable changes include BCE (BCE) upgraded to BUY, Canfor (CFP) raised to STRONG BUY, and West Fraser (WFG) target increased. Several new coverages were initiated, including for Calian Group (CGY) and Skeena Resources (SKE).

MDA Space Ltd. (TSX: MDA, NYSE: MDA) unveiled its end-to-end MDA CHORUS™ Earth observation product portfolio, including COMMAND, COMMAND PRO, and INTELLIGENCE, ahead of its constellation launch later this year. The portfolio offers customers complete control of their geointelligence workflow, from data collection to decision-ready insights. The company's CEO highlighted the portfolio's user-friendly design and comprehensive capabilities.

National Bank Financial upgraded Enbridge (ENB) to 'outperform' citing its North American oil production growth and recent acquisitions. Analyst Patrick Kenny raised the target price to $82. TD Cowen upgraded TC Energy (TRP) to 'buy' seeing a 16% pullback as an attractive entry point. National Bank initiated coverage of MDA Space (MDA) with an 'outperform' rating, highlighting its space investment growth potential.

National Bank initiated coverage of MDA Space Ltd (NYSE: MDA) with an Outperform rating and C$55 price target, citing growth prospects in space infrastructure. MDA's P/S ratio is 2.89x, above historical median, but earnings metrics are less relevant due to its unprofitability. GF Value™ estimates MDA is 3.6% overvalued at $28.85. The company has a GF Score™ of 64/100, with strong momentum but mixed profitability and financial strength.

The TSX30 list for 2026 includes Celestica, MDA Space, Firan Technology Group, Telesat, Hut 8, and 5N Plus. Celestica topped the list with a 2,590% share price increase over three years, boosting its market cap from $1.9B to $60B CAD. The list highlights top-performing Canadian companies by three-year, dividend-adjusted share performance.

MDA Space, a satellite manufacturer, filed for a 170-satellite SpaceRAN constellation and announced plans to supply hardware to other operators. The company is pursuing both roles simultaneously, with CEO Mike Greenley calling SpaceRAN a 'strong business opportunity.' MDA's current anchor customer is Globalstar, with a C$1.1 billion contract for satellite production. The company's AURORA technology enables direct-to-device satellite connectivity.

MDA Space Ltd. (TSX: MDA, NYSE: MDA) launched MDA Space LaunchPad Ventures to invest in Canadian SMBs developing space and defence tech. The program targets 25 areas, aiming to bolster Canada's industrial base and modernize armed forces. Selected firms gain access to MDA's expertise and ecosystems. Applications are open via MDA's website.

MDA Space Ltd. (NYSE:MDA) reported strong Q2 results, with revenue of C$499M (up 34% YoY) and EPS of C$0.36, beating estimates. The company raised its 2026 guidance and has a backlog of over C$4B. Analyst Sheila Kahyaoglu reduced her price target to $49 but maintained a Buy rating, citing 53% upside potential. The stock has gained 67% YTD and trades at a forward P/E of 32x.

MediaAlpha (NYSE: MAA) stock fell 1.5% in pre-market trading to $12.75 after JPMorgan initiated coverage with a Neutral rating and $15.00 price target, citing limited near-term catalysts despite strong revenue growth. CEO Steven Yi's recent share sale and a weak broader market also weighed on the stock.

MDA Space delivered eight replenishment communications satellites to orbit for Globalstar, launched on a SpaceX Falcon 9 from Cape Canaveral. Globalstar says all eight reached intended orbit and are performing normally, with commissioning underway. The satellites replace aging fleet. Globalstar ordered 17 in 2022 ($415m) and also has a $1.1b MDA Aurora contract for 50+ satellites.