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Aeva price target raised to $16 from $9.50 at Canaccord

Canaccord raised the firm’s price target on Aeva (AEVA) to $16 from $9.50 and keeps a Buy rating on the shares. The firm said they reported quarterly results that were most above estimates and a slight guidance increase and more importantly the company is showing strong momentum after announcing its Eve 1 procuts for the laser displacement sensor market.

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