AeroVironment Benefits From the BlueHalo Acquisition - Raymond James Says "Strong Buy" With Upside Potential of Around 65%!
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The drone manufacturer AeroVironment (AVAV) received approval at the shareholders' meeting for the planned acquisition of BlueHalo in May. This will allow for additional capabilities in the areas of aerospace, directed energy weapons, cybersecurity, and electronic warfare, multiplying the addressable market potential to $60 billion. Raymond James analysts see this as an opportunity with an "established leader" among the "Defense Disruptors." On April 8, the analysts announced a price target of $200 and upgraded the rating from "Market Perform" to...
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