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Fly News Breaks for September 14, 2015
AVAV
Sep 14, 2015 | 05:33 EDT
Piper Jaffray analyst Troy Jensen upgraded AeroVironment to Overweight saying the recent pullback in shares has brought an attractive entry point. The stock's risk/reward looks attractive for one of the few publicly traded names with drone exposure, Jensen tells investors in a research note. The analyst believes the unmanned aerial systems industry can grow at 30%-plus annually once favorable regulation is in place within the United States in FY16. Jensen has a $28 price target for shares.
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