Benchmark Reiterates Buy on AeroVironment, Raises PT from $34 to $38

Loading...
Loading...
Benchmark reiterated its Buy rating on AeroVironment
AVAV
. At the same time, Benchmark raised its price target on the company's stock from $34 to $38. In a research report published today, Benchmark states, "We are increasing our FY12 revenue and EPS to $328 million and $1.32, respectively, from $315 million and $1.24. We increase our price target from $34 to $38, representing a 12x FY12 EV/EBITDA multiple, and reiterate our BUY." On Tuesday, AeroVironment lost 0.03% of its value to finish the day at $28.61. Its shares skyrocketed in today's pre-market trading, however, surging 12.76% to $32.26.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsAerospace & DefenseAeroVironmentBenchmarkIndustrials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...