LASSO selection positive for AeroVironment, says Clear Street

Clear Street keeps a Buy rating on AeroVironment (AVAV) with a $293 price target after the company announced a U.S. Army prototype agreement to support the development, delivery, and testing of the Switchblade 400 loitering munition. While financial terms were not disclosed, the award is a positive and reinforces Switchblade 400’s role in the Army’s Low-Altitude Stalking and Strike Ordnance program, the analyst tells investors in a research note. Clear finds the shares attractively valued at current levels.