Raymond James analyst Brian Gesuale raised the firm’s price target on AeroVironment (AVAV) to $348 from $300 and keeps a Strong Buy rating on the shares. The firm sees Tuesday’s investor day event, in which it will unveil the “new AV,” as a positive catalyst, the analyst tells investors in a research note. Raymond James expects AeroVironment will lay out a path to doubling its revenue by 2030.
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