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Rocket Lab price target raised to $40 from $29 at KeyBanc

KeyBanc raised the firm’s price target on Rocket Lab (RKLB) to $40 from $29 and keeps an Overweight rating on the shares. Post the firm’s analysis, including its proprietary Q2 Plane Chain survey of aerospace suppliers, KeyBanc is largely maintaining FY25-FY26 estimates. The firm remains confident on enduring tightness within the A&D aftermarket, and strength within Space & Defense.

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