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Fly News Breaks for December 2, 2019
Dec 2, 2019 | 08:16 EDT
Baird analyst Peter Arment upgraded AeroVironment to Outperform from Neutral. The analyst expects solid Q2 results tomorrow and believes the outlook for 2020 should be at least maintained with potential for upside despite the lingering Continuing Resolution (CR) reflecting a favorable bookings momentum. He also said the recent pullback has made its valuation more reasonable. Arment raised his price target to $81 from $65 on AeroVironment shares.