AEVEX rises after announcing strategic collaboration with Divergent
AVEX•Broker view and stock performance
Eight of nine brokerages rate the stock "buy" or above, while one rates it "hold," with a median price target of $34, according to data compiled by LSEG.
Since its IPO in April, the stock has fallen nearly 60%.
AEVEX shares rise on collaboration news
Shares of defense firm AEVEX AVEX.N rose 1.45% to $17.13 in premarket trading.
The company announced a strategic collaboration with multi-industry metal structures manufacturer Divergent to accelerate adaptive unmanned aerial systems (UAS) development and scalable production.
"Together, AEVEX and Divergent will explore adaptive airframe architectures and digitally defined manufacturing processes designed to compress development timelines, reduce part count and support scalable production," AVEX said.
