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AEVEX Corp. (NYSE:AVEX) shares are trading higher on Tuesday, even as the Nasdaq is down 1.06% while the S&P 500 has shed 0.59%.
Investors are reacting to a wave of bullish initiations from major Wall Street firms. These ratings follow the company’s initial public offering in April.
Analysts Set High Price Forecasts
Wall Street is showing significant confidence in the defense tech firm. On Tuesday, Needham analyst Austin Bohlig initiated coverage with a buy rating. Bohlig set the street-high price forecast of $45.
Baird analyst Peter Arment also joined the bulls. …
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