RBC Capital analyst Ken Herbert raised the firm’s price target on AeroVironment to $165 from $160 and keeps an Outperform rating on the shares after hosting talks with its management. The company remains very confident in its top-line outlook, seeing several structural shifts in demand, the analyst tells investors in a research note. RBC adds that AeroVironment is in position to substantially increase output with little capital investment, and it sees competitive moat for the company “remaining large”.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVAV:
- Cathie Wood’s ARK Investment bought 38K shares of AeroVironment today
- Drone Stocks Expected to Fly Up; These are the Ones to Watch
- Jefferies aerospace/defense analysts to hold analyst/industry conference call
- AeroVironment downgraded to Neutral on valuation at Baird
- AeroVironment downgraded to Neutral from Outperform at Baird
