Alliance Global raised the firm’s price target on Redwire (RDW) to $15 from $10.50 and keeps a Buy rating on the shares. The firm believes with the pending SpaceX IPO, investor enthusiasm for space-related stocks is building, and argues Redwire is well positioned to be a long-term winner in the space infrastructure market. Allaince Global added that Redwire’s military drone business is positioned for growth citing the changing landscape of war.
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