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

June 27, 2012 10:33 AM EDT
Get Alerts AVAV Hot Sheet
Price: $29.39 --0%

Rating Summary:
    4 Buy, 12 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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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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