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Barchart
Wajeeh Khan

RBC Capital Just Downgraded AVAV Stock. Here's Why.

RBC Capital Markets downgraded AeroVironment (AVAV) shares to “Sector Perform” on Thursday, citing concerns that the firm’s ambitious long-term financial targets may prove difficult to achieve.

The downgrade came just one day after AVAV management outlined goals of at least 15% organic revenue growth by the end of this decade.

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