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FireFly Aerospace initiated with a Buy at Jefferies

Jefferies initiated coverage of FireFly Aerospace (FLY) with a Buy rating and $60 price target FireFly’s four-product portfolio is curated to the national security and commercial priorities of small and medium launch, moon exploration, and space-based maneuvering and communications, notes the analyst, who projects a 113% sales compound annual sales rate to $1.25B in 2028.

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