The Globe and Mail reports in its Friday edition that Canaccord Genuity analyst Doug Taylor is keeping his "buy" ranking for MDA Space intact. The Globe's Darcy Keith writes that Mr. Taylor's share target soared $14 to $51. Analysts on average target the shares at $44.94. Mr. Taylor says the "stars are aligning" with MDA Space. He says, "The list of discrete potential substantial bookings was expanded this week with the K-LEO news." MDA signed a memorandum of understanding with the Korean A&D technology firm, Hanwha Systems, to explore a potential low earth orbit (LEO) satellite constellation. According to the analyst, the opportunity comprises up to 150 satellites, potentially representing $1-billion to $2-billion in booking opportunities. Mr. Taylor says in a note: "In the past two months, aerospace and defence peer valuations that we track have expanded from 15.6 times NTM EBITDA to 18.4 times presently. While valuations range widely for space-specific names and can only be evaluated based on EV/Sales, MDA would be among the least expensive on this metric, yet with the most established financial track record. Talk of several high-profile Space IPOs is reinforcing the high valuations placed on this thematic."