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Fly News Breaks for April 11, 2018
AVAV
Apr 11, 2018 | 06:54 EDT
As previously reported, Stifel analyst Joseph DeNardi upgraded AeroVironment to Buy from Hold, as he sees the company benefiting from tailwinds including an improving defense budget environment, a heightened global threat environment, and "as strong a pipeline of opportunities" as he has seen in ten years. The analyst, who sees AeroVironment's Switchblade as its primary driver of growth over the next 12-36 months, raised his price target on the stock to $65 from $45.
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