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Cantor starts Rocket Lab with Overweight on ‘proven’ track record

Cantor Fitzgerald initiated coverage of Rocket Lab with an Overweight rating and $6 price target. Rocket Lab is a space company that develops and launches orbital rockets that deploy payloads for government and commercial customers, the analyst tells investors in a research note. The firm believes the company benefits from a “proven and successful” launch track record, diversified and recurring customer base, and multiple launch complexes with vertical integration.

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