Jefferies Maintains Buy on AeroVironment, Lowers Price Target to $204
Jefferies analyst Greg Konrad maintains AeroVironment (NASDAQ:AVAV) with a Buy and lowers the price target from $229 to $204.
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Shares of drone-related companies are trading higher after President Trump announced tariffs on drone imports to curb American reliance on foreign production. The proclamation included a provision saying it is "necessary and appropriate to establish an incentive program for companies investing in new U.S. production capacity for UAS and UAS components."
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