AeroVironment (AVAV) PT Lowered to $390 at Jefferies
Get Alerts AVAV Hot Sheet
Price: $123.25 +4.72%
Rating Summary:
23 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
Rating Summary:
23 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
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Jefferies analyst Greg Konrad lowered the price target on AeroVironment (NASDAQ: AVAV) to $390.00 (from $415.00) while maintaining a Buy rating.
The analyst comments "FYQ2 revenue (+21% organic)/bookings (2.9X B2B) trend positive despite temporary headwinds around ERP transition and the shutdown ($15MM of revs, 3 pts) with EBITDA recapture expected by YE on unchanged EBITDA guidance. Robust demand highlighted by $1.4BB of bookings ($3.5BB of awards) and 93% visibility into H2 as task orders convert w/broad demand across Switchblade, UAS, counter UAS along with Space."
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