Piper bullish on AeroVironment growth prospects, starts at Overweight

As previously reported, Piper Sandler initiated coverage of AeroVironment (AVAV) with an Overweight rating and $391 price target The firm is bullish on the company’s growth prospects based on the company’s “proven agility to develop some of the market’s most innovative products in rapidly growing segments,” says the analyst, who adds that the BlueHalo acquisition has “supercharged” AeroVironment’s participation in categories like next-gen counter-UAS and SATCOM.