Space stock Maxar Technologies is beating the market this year, but Bank of America sees downsides ahead. BofA downgraded Maxar to worse performance than neutral. The company also cut the stock’s price target from $36 to $25, implying a roughly 14% drop from Maxar’s closing price on Monday. The company said it expects Maxar to see lower revenue and profit margins going forward. “The combination of higher cost of goods sold (COGS) and increased depreciation … weighs heavily on our forecasts,” BofA analyst Ronald Epstein said in a note on Tuesday. There is “a downside risk to today’s prices,” said Epstein. Shares of the satellite imaging company are down 1.6% in 2022 compared with a 15.9% drop for the S&P 500. — CNBC’s Michael Bloom contributed reporting.