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Stock impact report

Canaccord Genuity Raises Target Price for Vertical Aerospace (EVTL) [Yahoo! Finance]

Vertical Aerospace Ltd. Ordinary Shares (EVTL) 
Company Research Source: Yahoo! Finance
On April 20, Canaccord Genuity increased the price target on Vertical Aerospace Ltd. (NYSE:EVTL) from $9.50 to $10, while maintaining a Buy rating on the stock. The firm based this upward adjustment on the company's full pilot transition flight. Canaccord Genuity views this as an important milestone for de-risking and validating the VX4's capabilities before the Valo aircraft's critical design review. Copyright: wihtgod / 123RF Stock Photo Earlier, on April 19, the company conducted the most significant transition flight, which involved flying both vertically and forward in a single go, under the supervision of civil aviation. This flight marks the most crucial stage of electric air taxi development. CEO Stuart Simpson noted that a fully piloted transition is the most challenging stage of the development process for electric vertical take-off and landing aircraft, and that the company will now move forward with its roadmap after this feat. Vertical Aerospace Ltd. (NYSE:EVTL) Show less Read more
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