As previously reported, BofA initiated coverage of AeroVironment (AVAV) with a Buy rating and $300 price target The firm sees the developer of autonomous systems having “strong opportunities for growth” given increased Department of War focus on low-cost attritable drones with upside opportunities from counterdrone and software acquired through the recent BlueHalo acquisition, the analyst tells investors. Secretary of War Hegseth’s “Unleashing US Military Drone Dominance” is a “pivotal positive catalyst” for AeroVironment, the analyst tells investors.
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