The Benchmark Company Maintains Buy Rating and $38 PT on AeroVironment

A report from The Benchmark Company reiterates its Buy rating and $38 price target on AeroVironment

. The report states, “AVAV is scheduled to report its Q2FY12 (October end) results on Tuesday, December 6, after the close. The call is at 4:30 PM EST. We expect the company to report an in-line or better than expected quarter based on funded backlog and bookings. Q2 consensus sales and EPS estimates are $74.5 million and $0.20 vs. our estimates of $74.3 million and $0.20.” AVAV closed Friday at $28.78.