Longbow Research Maintains Buy on Redwire, Raises Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Longbow Research analyst Mike Crawford maintains a Buy rating on Redwire (NYSE:RDW) and raises the price target from $5 to $6.
May 10, 2024 | 2:02 pm
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POSITIVE IMPACT
Longbow Research has maintained a Buy rating on Redwire and increased the price target from $5 to $6, indicating a positive outlook on the stock.
The upgrade in price target by a reputable analyst like Mike Crawford suggests a strong confidence in Redwire's future performance. This is likely to instill positive sentiment among investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100