RBC cuts Aevex target to $22, still well above the share price
The large gap between the revised target and the posted price supports a bullish view, but the target reduction is a meaningful caution.
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The large gap between the revised target and the posted price supports a bullish view, but the target reduction is a meaningful caution.
What happened, with direct paths to the underlying reporting
RBC lowered its AVEX price target from $26 to $22, but the revised target remains substantially above the posted price of $10.36. The target implies considerable upside, though the cut tempers the bullish view.
Target: $22
Posted price: $10.36
Analyst firm: RBC Capital
Analyst: Ken Herbert
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