BUZZ-Street View: Brokerages initiate coverage of Firefly citing strong backlog, market potential
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J.P. Morgan, Jefferies, and Morgan Stanley have initiated coverage of Firefly Aerospacewith positive ratings, highlighting its strong backlog and market potential. J.P. Morgan set a price target of $55, while Jefferies set it at $60, indicating significant growth potential. Morgan Stanley's target is $52, emphasizing a balanced risk-reward. Firefly has a $1.1 billion backlog and aims to double sales annually through 2028, with key milestones expected in 2025-2026 that may impact share volatility.
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