Lake Street initiated coverage of Bridger Aerospace with a Buy rating and $4.50 price target. The firm sees three reasons to own shares: demand for Bridger's aircraft far exceeds available supply, giving the company significant pricing power and "a clear path" to fleet-driven revenue growth; a wave of federal policy catalysts expanding the addressable market; and the fact that operating leverage is inflecting for one of the nation's largest aerial firefighting companies.
