Why is Telesat stock rallying today?
Telesat stock rose 5.6% after CIBC initiated coverage with an Outperformer rating and CAD$105 price target, citing undervaluation of its Lightspeed constellation. CIBC estimates the market values Lightspeed at CAD$5.6B, while their model suggests CAD$9.5B. The stock gained amid a positive market backdrop and ahead of earnings.




