Canaccord analyst Austin Moeller raised the firm’s price target on Bridger Aerospace (BAER) to $5.25 from $5 and keeps a Buy rating on the shares. The firm noted the company announced that it entered into a sale-leaseback agreement for its headquarters at Bozeman Yellowstone International Airport and also that it has received two separate 120-day task orders from the US Forest Service to utilize four total Super Scoopers. The moves are an encouraging signal as the company looks to generate EBITDA using its airframe assets and achieve deleveraging of its mostly municipal debt.
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Read More on BAER:
- Bridger Aerospace Signs $46M Sale-Leaseback Agreement
- Bridger announces signing of sale leaseback transaction headquarters campus
- Bridger Aerospace secures 120 day task orders for four of its Super Scoopers
- Bridger Aerospace’s Earnings Call: Growth Amid Challenges
- Bridger Aerospace Reports Record Q1 Revenue Growth
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