AeroVironment Breaks Out After Analyst Upgrade


AeroVironment Inc. (AVAV) shares opened sharply higher on Tuesday morning after Baird upgraded the stock to Outperform and raised its price target from $65.00 to a Street-high $81.00 per share, reflecting a healthy 26% premium to the current market price over the next 12 months.

Analyst Peter Arment expects robust second quarter financial results on Wednesday and sees potential upside in the company’s 2020 outlook due to…