Roth Capital raised the firm’s price target on Redwire (RDW) to $25 from $20 and keeps a Buy rating on the shares. The firm is updating its model after the company closed its acquisition of UAS/drone vendor Edge Autonomy as well as a successful funding round, the analyst tells investors in a research note. Redwire has created a uniquely positioned multi-domain operations capable space/airborne systems company that can target multiple growing markets simultaneously with a strengthened balance sheet, the firm added.
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