Canaccord analyst Austin Moeller raised the firm’s price target on Redwire (RDW) to $21 from $20 and keeps a Buy rating on the shares. The firm updated its model and raised its estimates as they view the Pentagon’s accelerated review and addition of new domestically produced drones to the Blue UAS list, along with greater expected DoD/ NATO ally demand for UAS and space system procurement, as potentially driving upside to this organic growth.
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