Redwire is trading 4.08% up at $13.65, reversing early weakness after Jefferies lowered its price target from $24 to $15 while maintaining a Hold rating.
- The analyst action followed a sharp recent rally and renewed valuation concerns.
- Shares closed at $13.12 on August 10 and have recently gained strongly amid raised analyst targets and optimistic defense-related expectations.
- The move remains volatile.