Dougherty & Co Upgrades AeroVironment (AVAV) to Buy; Near-term Visibility Should Boost Investor Confidence

June 27, 2012 10:33 AM EDT Send to a Friend
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Price: $30.65 +1.26%

Rating Summary:
    3 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 45 | New: 4
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Dougherty & Co upgraded AeroVironment (NASDAQ: AVAV) from Neutral to Buy with a price target of $33.00 (from $30.00).

Analyst, Andrea James, said, "We are upgrading our rating on AeroVironment to Buy given our more positive outlook on long-term demand for the company’s diversifying portfolio of products. In the near term, we believe that revenue visibility has increased and should support AV’s above-the-street guidance on FY13."

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.


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