FireFly Aerospace price target raised to $37 from $33 at Morgan Stanley

Morgan Stanley raised the firm’s price target on FireFly Aerospace (FLY) to $37 from $33 and keeps an Equal Weight rating on the shares. It is “becoming increasingly clear to investors that Firefly is more than a launch company” with NASA’s recent Artemis pivot and an early Golden Dome award “bodes well with potential for more to come,” the analyst tells investors. However, technical risk endures, the analyst added.

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