AeroVironment Inc. (NASDAQ:AVAV) shares are falling after B of A Securities maintained its Buy rating on the stock but cut its price target to $185 from $225. Here’s what you need to know.
AeroVironment shares are sliding. What’s weighing on AVAV shares?
B of A Securities Cuts its AeroVironment Price Target
B of A Securities analyst Ronald Epstein maintained a Buy rating on AeroVironment while lowering his price target to $185 from $225.
The move comes alongside a mix of other recent analyst activity: Citizens kept a Market Outperform rating and held its target at $230 on Sept. 10, while JPMorgan raised its target to $210 the same day while maintaining an Overweight rating. AeroVironment carries an overall Buy rating on Wall Street, with an average price target of $214.93, according to Benzinga Pro.
