BUZZ-Intuitive Machines up after Keybanc starts coverage with 'overweight'

Intuitive Machines, Inc. Class A +15.37%

Intuitive Machines, Inc. Class A

LUNR

23.35

+15.37%

** Shares of space startup Intuitive Machines LUNR.O up 7.3% at $11.64 premarket after KeyBanc Capital Markets initiates coverage

** Brokerage rates stock “overweight” and sets PT at $20

** Brokerage calls LUNR a front-runner for NASA’s Lunar Terrain Vehicle (LTV) award, a program with a potential $4.6 bln ceiling over 10 years; first vehicle delivery could bring $600–$800 mln revenue

** Says recent $800 mln acquisition of Lanteris Space Systems adds satellite manufacturing and defense/data capabilities

** Also initiates "overweight" coverage on other aerospace & defense names including AeroVironment AVAV.O, Kratos Defense & Security Solutions KTOS.O and Karman Holdings KRMN.K

** As of last close, LUNR down 40.2% YTD


(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))

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