Oppenheimer raised the firm’s price target on Aeva (AEVA) to $18 from $9 and keeps an Outperform rating on the shares on improving visibility. The firm notes the company continued to accelerate its business activity, while delivering a beat and raise first quarter. Oppenheimer is encouraged to see the company gaining traction on multiple applications and choosing customers strategically to support manageable entrance in scalable target markets.
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Read More on AEVA:
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