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Stock impact report

Needham Highlights Vertical Aerospace's (EVTL) Execution Strengths Following Site Visit to UK Facilities [Yahoo! Finance]

Vertical Aerospace Ltd. (EVTL) 
Company Research Source: Yahoo! Finance
target on Vertical Aerospace to $11 from $9 while keeping a Buy rating on the shares. Following a two-day site visit to the company's battery and aircraft testing facilities, the firm expressed high confidence in both near-term and long-term milestones. The firm also highlighted the company's progress in piloted transition flights and hybrid aircraft development as key execution strengths. In other news, on December 10, Vertical Aerospace officially revealed Valo, which is the company's new commercial electric vertical take-off and landing/eVTOL aircraft. Succeeding the VX4 prototype, Valo features a more advanced, aerodynamic design informed by thousands of data points from the company's piloted test program and direct feedback from global airline partners. Developed alongside industry leaders like Honeywell, Syensqo, and Aciturri, the aircraft introduces an under-floor battery system, a redesigned wing and propeller architecture, and full certifiable redundancy to meet the most st Show less Read more
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