Iridium Communications (IRDM) Tops Q3 EPS by 3c

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Iridium Communications (IRDM) PT Bumped to $10 at Macquarie

October 31, 2014 7:48 AM EDT

Macquarie analyst Andrew DeGasperi reiterated an Outperform rating and bumped his price target on Iridium Communications (NASDAQ: IRDM) to $10.00 (from $9.50) following results.

DeGasperi commented, "Iridium continues to take market share in several verticals and continues to benefit from a rebound in its maritime... More