AeroVironment price target raised to $225 from $200 at Raymond James

Raymond James raised the firm’s price target on AeroVironment (AVAV) to $225 from $200 and keeps a Strong Buy rating on the shares. AeroVironment printed its first quarter following the BlueHalo merger, with the update, guidance, and metrics supporting the firm’s positive thesis, the analyst tells investors in a research note. AeroVironment, with Blue Halo, is extremely well-positioned to counter current global threats, benefit from this administration’s preference toward non-traditional defense companies, and grow at a more than 15% compound annual growth rate for the next three years, the firm says.