Why AeroVironment Stock Is Rocking Today
Tiny defense-contracting company AeroVironment (NASDAQ: AVAV) flapped its wings and flew higher in early trading on the Nasdaq Tuesday, rising 13.5% through 10:45 a.m. ET. Investors can thank an upgrade to strong buy from investment-bank Raymond James (RJ) for the move. This is somewhat surprising, as it comes less than a month after AeroVironment disappointed investors with a sizable 20% earnings miss in its fiscal Q3 2023 earnings report.