FireFly Aerospace price target raised to $33 from $27 at Morgan Stanley

Morgan Stanley analyst Kristine Liwag raised the firm’s price target on FireFly Aerospace (FLY) to $33 from $27 and keeps an Equal Weight rating on the shares. In the Launch market of the Space Tech sector, investors are watching the extent to which lift providers can commercialize new offerings and meaningfully increase cadence this year, says the analyst, who raised the firm’s target for FireFly as the firm revisits its valuation multiple ahead of Flight 7’s launch.

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