AeroVironment price target raised to $160 from $155 at RBC Capital

RBC Capital raised the firm’s price target on AeroVironment to $160 from $155 and keeps an Outperform rating on the shares after its Q3 earnings beat and guidance raise. The company highlighted its ability to “level load results” as more sustainable earnings while generating $49M in free cash flow, the analyst tells investors in a research note. The revenue potential with unmanned and loitering munitions should also continue to excite AeroVironment investors, the firm added.