B. Riley raises AST SpaceMobile to Buy rating, citing valuation opportunity after stock's sharp pullback from May highs
B. Riley upgraded AST SpaceMobile (ASTS) to Buy from Neutral, maintaining an $85 price target, despite a 44% decline in shares over six months. The upgrade follows AST SpaceMobile's $1 billion convertible senior notes offering, which analyst Mike Crawford believes provides sufficient capital for …