Merlin initiated with a Buy at Roth Capital

Roth Capital analyst Suji Desilva initiated coverage of Merlin (MRLN) with a Buy rating and $15 price target The company has developed an AI-enabled autonomous pilot software and hardware platform that can “transform” the aviation industry across both defense and commercial aviation, the analyst tells investors in a research note. Roth says Merlin can establish itself as an aerospace “neoprime” that is driving upgrade of aircraft and aviation capabilities across the industry.