AeroVironment shares are trading lower after RBC Capital maintained an Outperform rating on the stock but lowered its price target from $230 to $215.
Portfolio Pulse from Benzinga Newsdesk
AeroVironment shares declined after RBC Capital maintained an Outperform rating but reduced the price target from $230 to $215.
September 05, 2024 | 5:48 pm
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AeroVironment's stock is trading lower following RBC Capital's decision to maintain an Outperform rating while reducing the price target from $230 to $215.
The reduction in the price target by RBC Capital suggests a less optimistic outlook on AeroVironment's future stock performance, which likely contributed to the decline in share price. Maintaining the Outperform rating indicates continued confidence in the company's potential, but the lowered target reflects adjusted expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100