Deutsche Bank upgraded FireFly Aerospace (FLY) to Buy from Hold with a price target of $30, down from $40. The firm says that with the Alpha First stage engine issue fixed, there is now better visibility into FireFly’s Flight 7 which is expected to launch later this year or early 2026. This will be a catalyst for the stock and can “change the narrative” quickly around FireFly, the analyst tells investors in a research note. Deutsche believes the company also has “multiple opportunities” around the Golden Dome.
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