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Goldman Sachs Upgrades AeroVironment (AVAV) to Buy, Sees as M&A Target

February 6, 2012 7:11 AM EST
Get Alerts AVAV Hot Sheet
Price: $174.14 -3.86%

Rating Summary:
    20 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 16 | New: 37
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Goldman Sachs upgraded AeroVironment (NASDAQ: AVAV) from Neutral to Buy with a price target of $38.

The firm cited exposure to growth areas like UAVs and Electric Vehicle battery charging, above-average returns on capital and net cash on the balance sheet, and said it has high potential as a M&A candidate.

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 $28.76 yesterday.


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