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Fly News Breaks for June 1, 2016
AVAV
Jun 1, 2016 | 06:03 EDT
Piper Jaffray analyst Troy Jensen recommends buying shares of AeroVironment in front of the release of the Federal Aviation Administration's small unmanned aircraft systems ruling expected in mid-late June. The analyst believes the ruling will represent the "first big commercial drone catalyst" for the company. The rules will likely be an incremental catalyst to AeroVironment's Commercial business and spark interest from the investment community, Jensen tells investors in a research note. He reiterates an Overweight rating on the shares with a $36 price target.
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