Canaccord raised the firm’s price target on Archer Aviation (ACHR) to $13 from $12 and keeps a Buy rating on the shares. The firm noted the company announcement of making its proprietary, dual-use battery-electric powertrain technology available to a third party, signalling a material shift in the company’s operating model that introduces a new revenue stream for the business. Omen is a Group 3 hover-to- cruise autonomous air vehicle being co-developed by Anduril and EDGE Group in the UAE and powered by Anduril’s Lattice mission AI software.
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