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Fly News Breaks for July 3, 2017
AVAV
Jul 3, 2017 | 05:32 EDT
Piper Jaffray analyst Troy Jensen downgraded AeroVironment to Neutral saying recent stock appreciation reflects the company's growth and margin expansion. Given the "historical lumpiness" in sales for AeroVironment's commercial drone market and international opportunities, investors will be able to purchase shares at more attractive valuations in future quarters, Jensen tells investors in a research note. He raised his price target for the shares to $35 from $30.
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