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AeroVironment (AVAV +3.2%) is upgraded to Buy at Lazard, citing valuation and recent awards. The...

AeroVironment (AVAV +3.2%) is upgraded to Buy at Lazard, citing valuation and recent awards. The firm says it believes the company, which designs and makes small unmanned aircraft systems, should benefit from the shift to precision guided munitions across the military and that the Defense Department's move to common architectures also will benefit AVAV.
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