AeroVironment price target raised to $285 from $275 at Jefferies

Jefferies raised the firm’s price target on AeroVironment (AVAV) to $285 from $275 and keeps a Buy rating on the shares. The firm updated its estimates for the $1.47B of net proceeds from the share/convertible issuance and corresponding paydown of the $965M of term loan/revolver. With the elimination of interest partially offset by share increase, Jefferies’ FY26 EPS moves to $3.40 from $2.90 prior, the analyst tells investors in a research note.