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Fly News Breaks for March 7, 2018
AVAV
Mar 7, 2018 | 06:05 EDT
Piper Jaffray analyst Troy Jensen raised his price target for AeroVironment to $48 from $42 saying the company last night reported "solid" Q3 results. Earnings would have beat expectations if not for a deferred tax impact of 13c, Jensen tells investors in a research note. He continues to believe AeroVironment's largest growth opportunity is from sales to international governments. He remains bullish on the company's long-term opportunities but reiterates a Neutral rating on the name.
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