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

Roth MKM analyst Suji Desilva raised the firm’s price target on Redwire to $10 from $5 and keeps a Buy rating on the shares. The company delivered very strong sequential Q1 revenue growth and continued positive EBITDA,reflecting solid execution, the analyst tells investors in a research note, adding that the firm is encouraged by Redwire’s rapid pipeline expansion.