Archer Aviation price target raised to $9 from $8 at Raymond James

Raymond James analyst Savanthi Syth raised the firm’s price target on Archer Aviation to $9 from $8 and keeps an Outperform rating on the shares following the Q2 results. The firm believes the recent equity raise and dispute settlement remove two notable overhangs, and the expanded partnership with the DOD announced on July 31 further derisks the path to commercialization, the analyst tells investors in a research note.