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Fly News Breaks for June 26, 2019
AVAV
Jun 26, 2019 | 07:27 EDT
Canaccord analyst Ken Herbert lowered his price target on AeroVironment to $80 from $86 following Q4 results. The analyst noted the revenue decline against very difficult comps and said it provided a headwind for the shares. He believes the company's inline guidance was conservative and he tells investors to own the shares for the TMS upside. Herbert maintained his Buy rating on AeroVironment shares.