AeroVironment, Inc. Announces Fiscal 2016 Fourth Quarter and Full Year Results
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Jefferies Raises Price Target on AeroVironment (AVAV) to $27 Following EPS Beat
June 29, 2016 8:42 AM EDTJefferies reiterated a Hold rating on AeroVironment (NASDAQ: AVAV), and raised the price target to $27.00 (from $26.00), following the company's 4Q earnings report. Revenues of $84.8MM declined 2% year-over-year and were slightly below Jefferies' estimate of $85.7MM due to UAS volumes. However, EPS of $0.23 bet estimates of... More
