AVAV - Analyst Expects Slowing US Funding For Ukraine To Impact ThIs Unmanned Aircraft & Robotics Systems Firm: Here's Why | Benzinga
Raymond James analyst Brian Gesuale downgraded AeroVironment Inc (NASDAQ: AVAV) to Outperform from Strong Buy at a lowered price target of $125.00 (from $130.00).
The analyst is bearish as the ongoing Congressional dysfunction and waning support for Ukraine funding can negatively impact the company.
The analyst notes that U.S. support for Ukraine has moderated since the beginning of the war, which could impact stocks if the trend continues and funding slows.
While Gesuale expects order and backlog growth to remain strong, he sees potential ...