Truist upgraded Redwire (RDW) to Buy from Hold with a price target of $15, up from $13. The improving mix and progress on programs, as well as further progress on development programs, lends more confidence that equivalent annual cost charges should potentially moderate in the coming periods, the analyst tells investors in a research note. New CFO Chris Edmunds has set low and achievable targets for 2026, and Golden Dome awards are a catalyst for further backlog growth, the firm says.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDW:
- Redwire upgraded to Buy from Hold at Truist
- Redwire price target lowered to $12 from $13 at Jefferies
- Redwire price target raised to $12 from $11 at Canaccord
- Tariffs and Trade Tensions Threaten Redwire Corporation’s Costs, Competitiveness and Global Demand
- Short Report: Under Armour short interest at five-month lows