BTIG lowered the firm’s price target on AeroVironment to $245 from $255 but keeps a Buy rating on the shares following the company’s investor day presentation last week. The firm believes that the company’s Replicator program presents a revenue opportunity of $175M-$375M and also contends that the stock had an “over-reaction” in its decline following AeroVironment’s FY25 and long-term targets, the analyst tells investors in a research note.
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