Raymond James Downgrades AeroVironment to Outperform, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Gesuale has downgraded AeroVironment (NASDAQ:AVAV) from Strong Buy to Outperform and lowered the price target from $130 to $125.
October 09, 2023 | 12:21 pm
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NEGATIVE IMPACT
AeroVironment has been downgraded by Raymond James from Strong Buy to Outperform, with a reduced price target of $125.
The downgrade from Strong Buy to Outperform indicates a less bullish stance on the company by the analyst. The reduction in price target could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100