BofA analyst Ronald Epstein lowered the firm’s price target on Redwire (RDW) to $9 from $10 and keeps an Underperform rating on the shares after the company announced that CFO Jonathan Baliff would retire and be replaced by Chris Edmunds, the current Chief Accounting Officer. The firm, which previously highlighted the company’s continuing program charges and potential for M&A integration risk, sees the CFO transition as potentially deferring the company’s progress on program management, the analyst tells investors.
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