AeroVironment price target lowered to $350 from $400 at Citizens
Citizens lowered the firm’s price target on AeroVironment (AVAV) to $350 from $400 and keeps an Outperform rating on the shares. The company reported “challenged” fiscal Q3 results, impacted by revenue timing and adjustments within the space business, the analyst tells investors in a research note. Citizens continues to like AeroVironment as an opportunity for long-term capital appreciation, citing its favorable tailwinds in U.S. and global defense priorities.
Read More on AVAV:
- Closing Bell Movers: Oracle up 8% on earnings beat
- AeroVironment says ‘could not come to acceptable agreement’ on SCAR
- AeroVironment down 8% at $203.80 after Q3 earnings miss, guidance cut
- AVAV Earnings: AeroVironment Stock Crashes as Financial Results Miss Wall Street’s Targets
- AeroVironment Addresses SCAR Termination and Future Opportunities
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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