Redwire price target raised to $20 from $15 at Roth Capital

Roth Capital raised the firm’s price target on Redwire (RDW) to $20 from $15 and keeps a Buy rating on the shares. The company has announced it has secured part of a defense contract award relating to the government’s Golden Dome Program, and while no specific awards have been committed to yet, the firm is encouraged by Redwire’s inclusion, stating that its portfolio position as a key space infrastructure vendor can serve it well as this major defense program evolves, the analyst tells investors in a research note.