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AeroVironment Price Target Bumped Up By 15% At RBC Capital

RBC Capital analyst Ken Herbert raised the price target for AeroVironment, Inc. (NASDAQ:AVAV) to $115 (an upside of 13.8%) from $100 while maintaining…
byAkanksha Bakshi
August 22, 2022
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  • RBC Capital analyst Ken Herbert raised the price target for AeroVironment, Inc. (NASDAQ:AVAV) to $115 (an upside of 13.8%) from $100 while maintaining the Outperform rating on the shares.
  • The analyst states that AeroVironment received an $8 million contract for one system as part of the Future Tactical Unmanned Aerial System (FTUAS) program Increment 1. The initial contract will procure 1 system, which will include six aircraft, ground terminals, and control stations.
  • Related: US Army Picks AeroVironment JUMP 20 Unmanned Aircraft System For FTUAS Program
  • Herbert mentions that this award was largely expected, and the Increment 2 represents a more significant upside, but this contract is a positive.
  • The analyst continues to view AVAV as well positioned to benefit from the Ukraine conflict, with a full impact not yet fully reflected in estimates or stock price.
  • Price Action: AVAV shares are trading lower by 1.58% at $101.00 on the last check Monday.
 
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Village Farms Reports Record Q1 Canadian Cannabis Sales Following 49% YoY Increase, Continues To Strengthen International Presence

By Jelena Martinovic
May 8, 9:20 AM
Village Farms reported on Wednesday its financial results for the first quarter ended March 31, 2024, revealing a new record with Canadian cannabis sales increasing 49% year-over-year to $37.4 million."The first quarter was an especially strong start to 2024," Michael DeGiglio, president and CEO of the company, said. "Our success in quality, innovation and brand building, together with the support of our provincial boards and retail partners, are driving these results as we delight our consumers."

VFF