Vertical Aerospace initiated with a Buy at D. Boral Capital

D. Boral Capital initiated coverage of Vertical Aerospace (EVTL) with a Buy rating and $15 price target Vertical, which recently secured strategic investments while updating its long-term roadmap, has emerged as “one of the few remaining” European-based contenders in the “increasingly challenging” electric vertical takeoff and landing aircraft market, the analyst tells investors. Following the restructuring and operational update, the firm contends that the stock stands out as relatively and “unfairly undervalued,” despite an equivalent time to market when compared to its larger, more well-known domestic competitors.