U.S. Stocks on the Move | Upgraded to "Buy" by Deutsche Bank, AST SpaceMobile (ASTS.US) Rebounds Over 5%

Zhito Finance APP has learned that on Monday, AST SpaceMobile (ASTS.US) rebounded more than 5% in early trading, following a drop of more than 10% the previous day to a new low for the year. On the news front, Deutsche Bank previously upgraded the communications stock from "Hold" to "Buy." Analyst Bryan Kraft pointed out that the bank had downgraded the stock in May due to valuation concerns, when the New Glenn launch pad explosion caused a major delay in ASTS's launch plans. However, he now believes that the recent weakness in the stock price, multiple positive developments and catalysts overlooked by the market, and spectrum value estimated to account for all of ASTS's enterprise value except for $10 per share, make this an opportune time to shift to a more positive stance.