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Fly News Breaks for June 4, 2019
AVAV
Jun 4, 2019 | 05:01 EDT
Piper Jaffray analyst Troy Jensen lowered his price target for AeroVironment to $74 from $79 and reiterates a Neutral rating on the shares. The analyst expects "solid" April quarter results, but has e concerns that management will provide fiscal 2020 guidance slightly below consensus expectations, which he believes could pressure the stock. He lowered his revenue and earnings estimates to get more in line with consensus expectations.
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