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Fly News Breaks for November 16, 2016
AVAV
Nov 16, 2016 | 09:33 EDT
Piper Jaffray analyst Troy Jensen noted AeroVironment's launch of its commercial information solution featuring a brand new drone and the company's analytics platform, saying that while he believes it will take time for the company to generate material commercial revenues, it is entering at the right time ahead of year he expects to be "game changing" for the industry. Demand for commercial drones continues to gain momentum and Jensen was "encouraged" by AeroVironment's announcement, he said, while reiterating an Overweight rating on the stock.
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