Canaccord lowered the firm’s price target on AeroVironment (AVAV) to $300 from $330 and keeps a Buy rating on the shares. The firm updated its model afte the announcement the USSF issued a formal notice of contract termination relating to the SCAR program. The company finished Q3/26 with an unfunded backlog valued at about $3B, which includes approximately $1.5B relating to the SCAR program.
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