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Red Cat stock rises 2.94% after Evercore starts coverage with $15 target

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  • Evercore ISI initiated Red Cat coverage with an Outperform rating and $15 target.
  • 527% year-over-year revenue growth lifted second-quarter revenue to $12.8 million.
  • RCAT shares traded 2.94% higher at $8.74 Monday, according to Benzinga Pro.
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