RBC Capital lowered the firm’s price target on AeroVironment (AVAV) to $325 from $375 but keeps an Outperform rating on the shares. The stock fell on Monday after the Space News report that the DoW plans to re-compete the SCAR program, which the firm modeled to account for about 8% of total company FY26 revenues, the analyst tells investors in a research note. RBC adds however that the company remains well positioned to announce a successful re-negotiation on the contract, which will preserve some of the existing contract, and believes that the stock reaction was “excessive”.
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Read More on AVAV:
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- AeroVironment price target lowered to $290 from $391 at Piper Sandler