Redwire price target lowered to $5 from $10 at Roth MKM

Roth MKM analyst Suji Desilva lowered the firm’s price target on Redwire to $5 from $10 and keeps a Buy rating on the shares. The company reported sequential Q3 revenue growth, margin expansion, and continued positive EBITDA reflecting continued solid execution, though the firm reduced its near-term revenue forecast to reflect fluctuation in program funding across certain civil and commercial customers, the analyst tells investors in a research note.