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Fly News Breaks for March 4, 2020
Mar 4, 2020 | 07:41 EDT
Canaccord analyst Ken Herbert lowered the firm's price target on AeroVironment to $75 from $80 and keeps a Buy rating on the shares. The analyst said its organic sales in the quarter were down 18% as it was up against challenging comps and the company had lower small UAS sales. He believes the shares remain attractive due to the strength in the budget backdrop and expectations for a strong Q4/2020.