Redwire price target lowered to $6 from $9 at BofA

BofA lowered the firm’s price target on Redwire (RDW) to $6 from $9 and keeps an Underperform rating on the shares. The firm sees the space industry as increasingly poised for consolidation given the scale and scope of expected opportunities, arguing that disruption drives a “winner-take-most model” and that performance will be dependent on strategic vision and effective integration, the analyst tells investors in note outlining its views on the winners and losers of the space consolidation push.