AeroVironment price target raised to $415 from $300 at BTIG

BTIG analyst Andre Madrid raised the firm’s price target on AeroVironment (AVAV) to $415 from $300 and keeps a Buy rating on the shares after meeting with its management, which highlighted that several product lines have the potential to become greater than $1B franchises, including Switchblade, Red Dragon, P550, FE-1, and BADGER. The firm also notes that AeroVironment is differentiated by focusing first on integrating effectively across the AV ecosystem before moving to external applications, in contrast to what other emerging defense software suppliers are doing.