AST SpaceMobile Loses Buy Rating Over Delays

Piper Sandler cut AST SpaceMobile from Buy to Hold — wait and see — on Oct. 13, cutting its expected price to $54 from $98, per Barron's. Yahoo Finance put the Oct. 9 price at $50.97, down 10.48%. Rocket troubles and SpaceX rivalry could delay rollout. I see little cushion if delays worsen.