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Fly News Breaks for December 7, 2016
AVAV
Dec 7, 2016 | 08:45 EDT
Piper Jaffray analyst Troy Jensen views today's post-earnings pullback in shares of AeroVironment as a good buying opportunity for longer term investors. While the company reported Q2 revenue and earnings below Street expectations, it saw strong order flow in the October quarter and reiterated full year guidance, Jensen tells investors in a research note. He adds that the Q3 outlook comp implies an "extremely" back-end loaded Q4. The analyst keeps an Overweight rating on AeroVironment with a $31 price target.
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