BUZZ-Redwire up after KeyBanc starts with 'sector weight' rating
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Shares of Redwirerose 4.9% to $7.37 premarket after KeyBanc initiated coverage with a 'sector weight' rating. KeyBanc highlighted RDW's expansion into defense technology and Uncrewed Aerial Systems (UAS) following its $925 million Edge Autonomy acquisition. The brokerage noted an increased backlog and a diversified portfolio, including ISR drones and ruggedized power systems. KeyBanc sees potential upside from international defense modernization. RDW shares were down 57.3% year-to-date as of the last close.
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