Jefferies resumes coverage of Aevex with 'buy' rating after BlackSea acquisition

Aevex

23/09/2026 12:16

** Jefferies resumes coverage of defense firm Aevex AVEX.N at "buy" with $26 PT 
** Says acquisition of naval defense company BlackSea adds "scaled portfolio of unmanned surface and subsea vessels and expands AVEX's position in multi-domain autonomy"
** "We believe expanding demand across launched effects, precision strike, and maritime autonomy supports continued growth, margin upside, and re-rating potential with shares at about 50% discount to peers" - Jefferies
** 9 out of 10 brokerages rate the stock "buy" or higher, 1 "hold"; their median PT is $34 - LSEG-compiled data
** Up to last close, AVEX down nearly 31% since April debut

(Reporting by Sudeshna Ghoshal in Bengaluru)
((Sudeshna.Ghoshal@thomsonreuters.com;))