Redwire initiated with a Buy at H.C. Wainwright

H.C. Wainwright initiated coverage of Redwire (RDW) with a Buy rating and $18 price target Redwire is positioned to be key beneficiary of growing demand for space solutions, the analyst tells investors in a research note. The firm says the company is positioned to be a long-term winner as expansion into space accelerates over the coming years driven by exploration, communications, and national defense. Its operating leverage should improve pushing the business towards positive earnings and free cash flow and driving new investor interest, contends H.C. Wainwright.