Stifel analyst Jonathan Siegmann raised the firm’s price target on AeroVironment (AVAV) to $389 from $295 and keeps a Buy rating on the shares. After having attended the company’s investor open house in Albuquerque and the company’s “busy September month of orders,” the firm is raising its medium term EBITDA estimates, the analyst tells investors.
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- AeroVironment price target raised to $365 from $320 at Jefferies
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