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AeroVironment, Inc. Message Board

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  • dbtunr dbtunr Feb 6, 2012 10:31 AM Flag

    any news?

    UPDATE: Goldman Sachs Upgrades AeroVironment to Buy
    By David Johnson
    Benzinga Staff Writer
    February 06, 2012 9:27 AM
    Symbols: AVAV
    Tags: Goldman Sachs
    Posted in: Analyst Color, Upgrades, Price Target, Pre-Market Outlook, Analyst Ratings
    Symbols: AVAV
    Tags: Goldman Sachs
    Posted in: Analyst Colo (…more)

    Goldman Sachs raises its rating on AeroVironment (NASDAQ: AVAV [FREE Stock Trend Analysis]) to Buy from Neutral and raises its price target to $38 from $32 a share as the company is a top pick in the improved-outlook Defense sector.

    Goldman Sachs notes, "We have raised our Defense coverage view to Neutral, and AVAV is our top pick in the group. We have long thought AVAV was an M&A candidate, but given it now trades close to in line with Defense primes, we believe M&A is more likely. On a stand-alone basis, AVAV is one of few Defense companies exposed entirely to growth markets (UAVs and EV charging), has above-average CROCI and net cash on the balance sheet, upside to consensus, new order catalysts ahead, and attractive valuation. AVAV shares are down 9% YTD (vs. S&P up 7%) providing a good entry point."

    AVAV closed at $28.76 a share on Friday.

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    • What I find absolutely amusing is if you look through old posts of mine both here, Seeking Alpha, and a few others for the last 2-3 years, I have said that AVAV was a takeover candidate in the $40 range since they are in 2 of the most high growth categories in our economy going forward. Now the stock is at $30 and Goldman thinks the same thing. This is how I got rich, buying before the "smart" money starts recommending stocks I already own. I hope the GS clients feel they are getting their $$$ worth LOL

    • Bought on the dip this afternoon at $29. Filled the gap from the GS upgrade.

26.24+0.24(+0.92%)Jul 29 4:00 PMEDT