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Fly News Breaks for March 3, 2020
Mar 3, 2020 | 21:16 EDT
Piper Sandler analyst Troy Jensen is keeping his Overweight rating and $76 price target on AeroVironment after its Q3 results and raised FY20 guidance, saying the company's visibility is improving with continued expected growth seen in FY21. The analyst adds that the pipeline for FY21 appears to be robust as its high-altitude pseudo-satellites, or HAPS, continue to make progress and with successful production of its first two HAWK30 aircraft.