Reported 1 day ago
Maxim Group has reaffirmed a Buy rating for Unusual Machines, Inc. (UMAC) while maintaining its price target at $16. Analyst Matthew Galinko noted the company's recent acquisition of Rotor Lab, which positions UMAC to focus on domestic production of drone components amid restrictions on foreign competitors in the US market. Additionally, UMAC's decision to cancel its agreement with Aloft reflects its commitment to becoming a leading domestic supplier, aligning with supportive government policies for US manufacturing.
Source: YAHOO