AeroVironment price target raised to $365 from $320 at Jefferies

Jefferies analyst Greg Konrad raised the firm’s price target on AeroVironment (AVAV) to $365 from $320 and keeps a Buy rating on the shares after the company hosted an investor open house in Albuquerque, New Mexico. Following the event, which highlighted the “breadth, depth and scalability of its portfolio,” the firm calls AeroVironment well positioned to be “one of the winners” of “a once in a generational shift” after the U.S. and allies have under-invested in defense over the past 15 years.