Scotiabank Upgrades AST SpaceMobile to Sector Outperform

Scotiabank has upgraded AST SpaceMobile, Inc. (ticker: ASTS) from 'Sector Perform' to 'Sector Outperform' and set a new price target of $55.70 for its shares. This upgrade indicates a positive shift in the bank's outlook for the company, which specializes in space-based cellular broadband services.