Analyst Expects Slowing US Funding For Ukraine To Impact ThIs Unmanned Aircraft & Robotics Systems Firm: Here's Why
Portfolio Pulse from Lekha Gupta
Raymond James analyst Brian Gesuale has downgraded AeroVironment Inc (NASDAQ:AVAV) to Outperform from Strong Buy with a lowered price target of $125.00. The analyst cites ongoing Congressional dysfunction and waning support for Ukraine funding as potential negative impacts on the company. Despite this, the analyst expects FY24 consensus estimates to rise and predicts a broader munition inventory restocking cycle, strong product cycle, and global customer expansion to boost FY25 & FY26 estimates.

October 09, 2023 | 5:44 pm
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AeroVironment Inc (NASDAQ:AVAV) has been downgraded by Raymond James analyst Brian Gesuale due to potential negative impacts from waning Ukraine funding.
The downgrade by Raymond James analyst Brian Gesuale is based on the potential negative impacts from waning Ukraine funding. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100