Redwire price target raised to $8.25 from $7 at Alliance Global Partners

Alliance Global Partners analyst Brian Kinstlinger raised the firm’s price target on Redwire to $8.25 from $7 and keeps a Buy rating on the shares. The company was added as a subcontractor to Consolidated Safety Services to support the International Space Station, which is evidence of Redwire’s “long heritage of space infrastructure,” the analyst tells investors in a research note. With the stronger than expected Q1 results and unchanged guidance, coupled with a surge in proposals and “seemingly awards,” Alliance Global expects an increase to Redwire’s revenue guidance.