Baird Downgrades AeroVironment to Neutral, Announces $161 Price Target
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Peter Arment downgraded AeroVironment (NASDAQ:AVAV) from Outperform to Neutral and set a price target of $161.

March 08, 2024 | 1:32 pm
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NEUTRAL IMPACT
AeroVironment was downgraded by Baird from Outperform to Neutral with a new price target of $161.
The downgrade from Outperform to Neutral by a prominent analyst could lead to mixed reactions in the market. While the new price target of $161 suggests a potential upside, the downgrade itself may cause some investors to adopt a more cautious stance in the short term. The impact is considered neutral because the positive price target is balanced by the downgrade.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100