KeyBanc lowered its price target for Firefly Aerospace from $50 to $35 but still recommends buying the stock.

FLY · Firefly Aerospace

The AI's read

The lower target suggests KeyBanc sees less room for Firefly's shares to rise. Keeping its bullish rating points the other way. The story gives no new business results, so it does not change how we read Firefly's business.