Why AST SpaceMobile Stock Popped Today

Shares of cellphones-to-satellites communications company AST SpaceMobile (ASTS 4.98%) jumped 5.3% through 12:30 p.m. ET on Wednesday after Scotiabank analyst Andres Graham initiated coverage of the stock with a sector outperform (buy) rating last night.The Scotiabank analyst put a $7.50 price target on AST stock, implying that over the next 12 months, the shares should more than double over their current price of $3 and change, as reported today on StreetInsider.com. Why Scotiabank thinks you should buy AS ...