Bridger Aerospace price target lowered to $5 from $5.25 at Canaccord

Canaccord analyst Austin Moeller lowered the firm’s price target on Bridger Aerospace (BAER) to $5 from $5.25 and keeps a Buy rating on the shares. The firm updatedits model following mixed results with a topline beat and a bottom line miss. Management introduced its FY26 outlook, indicating revenue guidance of $140M at the midpoint and expectations for midpoint Adj. EBITDA of $57.5M.