Goldman Sachs Boosts Price Target on AeroVironment (AVAV) After Q4

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Goldman Sachs lifted its price target on Buy-rated AeroVironment (NASDAQ: AVAV) from $29 to $32 following strong Q4 results against a backdrop of low expectations.

The firm lowered FY2013E to $1.50 from $1.52 on a slightly lower UAS gross margin, but raised FY2015E to $1.90 from $1.83 on lower tax rate.

For an analyst ratings summary and ratings history on AeroVironment click here. For more ratings news on AeroVironment click here.

Shares of AeroVironment closed at $25.44 yesterday, with a 52 week range of $21.14-$36.49.

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