Jefferies downgraded AeroVironment (AVAV) to Hold from Buy with an unchanged price target of $240. The recent runup in shares , which are now up 87% year-to-date, likely limits valuation upside on improving fundamentals as shares seem to be factoring in a bull case scenario. The firm expects a more attractive entry point for shares on any fading of the post Trump bump, the analyst tells investors.
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