Goldman Sachs initiated coverage of AeroVironment (AVAV) with a Buy rating and $301 price target The firm says the conflict in Ukraine has structurally changed the way war is fought. Low-cost commercial technology has been successfully used by an inferior military to stave off the invasion of a nuclear-powered adversary, the analyst tells investors in a research note. AeroVironment’s Switchblade and Puma were highly utilized in the conflict, and the success of these products has been a proof of concept that is driving global demand, contends Goldman.
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