Redwire assumed with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald analyst Colin Canfield raised the firm’s price target on Redwire (RDW) to $28 from $6 and keeps an Overweight rating on the shares after assuming coverage of the name. The firm remains constructive on the name thanks to January’s Edge Autonomy acquisition. The deal not only provides Redwire with better earnings and cash flow stability, but looks to enable a greater degree of positive catalysts as the company stretches across the space and defense tech market, files to sell common stock, no amount given