Discover Yahoo! With Your Friends

Explore news, videos, and much more based on what your friends are reading and watching. Publish your own activity and retain full control.

To get started, first

YOUR FRIENDS' ACTIVITY

    AeroVironment shares rise on analyst upgrade

    NEW YORK (AP) — Shares of AeroVironment Inc. jumped Monday after a Goldman Sachs analyst upgraded the stock, suggesting the maker of unmanned aerial drones and charging systems for electric cars will be boosted by more orders and a potential business combination.

    THE SPARK: Analyst Noah Poponak raised the stock to "Buy" from "Neutral" and increased his earnings estimates through 2014. He also upped his price target to $38 from $32, reflecting his belief that the company could be an acquisition target.

    THE ANALYSIS: Poponak said he expects other analysts to raise their earnings estimates for AeroVironment this year as its growth potential becomes clear. The analyst doesn't think his peers' estimates reflect strong defense budget funding for unmanned aircraft systems. That sector is growing while defense budgets as a whole are being cut back.

    Poponak adds that the company makes an appealing takeover candidate for larger competitors — including Boeing Co., Textron Inc. and Northrop Grumman Corp. — that have money to spend but are struggling to grow, "giving them ability and incentive to seek acquisitions."

    SHARE ACTION: AeroVironment rose $1.49, or 5.2 percent, to $30.25 in afternoon trading. The stock has traded between $24.01 and $36.49 in the past year. Shares are down 9 percent since the start of 2012.

     

    There are no comments yet

    [ [ [['A picture is worth a thousand words', 5]], 'http://news.yahoo.com/why-facebook-bought-instagram-4-theories-160400376.html', '[Related: Why Facebook bought Instagram: 4 theories]', ' ', '630', ' ', ' ', ], [ [['He was in shock and still strapped to his seat', 9]], 'http://contributor.yahoo.com/join/yahoonews_virginiabeach', '[Did you witness the jet crash? Share your story with Yahoo! News]', ' ', '630', ' ', ' ', ], [ [['A JetBlue flight from New York to Las Vegas', 3]], 'http://yhoo.it/GV9zpj', '[Related: View photos of the JetBlue plane in Amarillo]', ' ', '630', ' ', ' ', ], [ [['Dick Clark', 11]], 'http://news.yahoo.com/photos/dick-clark-dies-at-82-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/a/p/us/news/editorial/c/21/c217c61aa2d5872244c08caa13c16ec5.jpeg', '500', ' ', 'Reuters', ], [ [['the 28-year-old neighborhood watchman who shot and killed', 15]], 'http://news.yahoo.com/photos/white-house-stays-out-of-teen-s-killing-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120411/martinzimmermen.jpg', '630', ' ', 'AP', ], [ [['Titanic', 7]], 'http://news.yahoo.com/titanic-anniversary/', ' ', 'http://l.yimg.com/a/p/us/news/editorial/b/4e/b4e5ad9f00b5dfeeec2226d53e173569.jpeg', '550', ' ', ' ', ], [ [['He was in shock and still strapped to his seat', 6]], 'http://news.yahoo.com/photos/navy-jet-crashes-in-virginia-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120406/jet_ap.jpg', '630', ' ', 'AP', ], [ [['xxxxxxxxxxxx', 11]], 'http://news.yahoo.com/photos/russian-grannies-win-bid-to-sing-at-eurovision-1331223625-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/a/p/us/news/editorial/1/56/156d92f2760dcd3e75bcd649a8b85fcf.jpeg', '500', ' ', 'AP', ] ]
    [ [ [[' the 28-year-old neighborhood watchman who shot and killed', 4]], '28924649', '0' ], [ [['because I know God protects me', 14], ['Brian Snow was at a nearby credit union', 5]], '28811216', '0' ], [ [['The state news agency RIA-Novosti quoted Rosaviatsiya', 6]], '28805461', '0' ], [ [['measure all but certain to fail in the face of bipartisan', 4]], '28771014', '0' ], [ [['matter what you do in this case', 5]], '28759848', '0' ], [ [['presume laws are constitutional', 7]], '28747556', '0' ], [ [['has destroyed 15 to 25 houses', 7]], '28744868', '0' ], [ [['short answer is yes', 7]], '28746030', '0' ], [ [['opportunity to tell the real story', 7]], '28731764', '0' ], [ [['entirely respectable way to put off the searing constitutional controversy', 7]], '28723797', '0' ], [ [['point of my campaign is that big ideas matter', 9]], '28712293', '0' ], [ [['As the standoff dragged into a second day', 7]], '28687424', '0' ], [ [['French police stepped up the search', 17]], '28667224', '0' ], [ [['Seeking to elevate his candidacy back to a general', 8]], '28660934', '0' ], [ [['The tragic story of Trayvon Martin', 4]], '28647343', '0' ], [ [['Karzai will get a chance soon to express', 8]], '28630306', '0' ], [ [['powerful storms stretching', 8]], '28493546', '0' ], [ [['basic norm that death is private', 6]], '28413590', '0' ], [ [['songwriter also saw a surge in sales for her debut album', 6]], '28413590', '1', 'Watch music videos from Whitney Houston ', 'on Yahoo! Music', 'http://music.yahoo.com' ], [ [['keyword', 99999999999999999999999]], 'videoID', '1', 'overwrite-pre-description', 'overwrite-link-string', 'overwrite-link-url' ] ]
    Should Bill and Donna take on more risk to boost their business? Join the conversation.
    Remake America celebrates moms everywhere.
    Wounded veteran Kyle lost his hand during an explosion in Iraq.
    • FILE - In this Oct. 10, 2011 file photo, a magnifying glass is posed over a monitor displaying a Facebook page in Munich. Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading. The bank said on Tuesday May 22, 2012 said that its procedures complied with regulations. (AP Photo/dapd, Joerg Koch)
      Regulators probe bank's role in Facebook IPO MARCY GORDON

      Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative … More »Regulators probe bank's role in Facebook IPO

      FILE - In this Oct. 10, 2011 file photo, a magnifying glass is posed over a monitor displaying a Facebook page in Munich. Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading. The bank said on Tuesday May 22, 2012 said that its procedures complied with regulations. (AP Photo/dapd, Joerg Koch)

      Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.

    • A Greek flag flies behind a statue to European unity outside the European Parliament in Brussels
      Exclusive: Eurozone tells members to make contingency plans for "Grexit" Jan Strupczewski and Claire Davenport

      BRUSSELS (Reuters) - Euro zone officials have told members of the currency area to prepare contingency plans in case Greece quits the bloc, an eventuality which Germany's central bank said would be testing … More »Exclusive: Eurozone tells members to make contingency plans for "Grexit"

      A Greek flag flies behind a statue to European unity outside the European Parliament in Brussels

      BRUSSELS (Reuters) - Euro zone officials have told members of the currency area to prepare contingency plans in case Greece quits the bloc, an eventuality which Germany's central bank said would be testing but "manageable". Three officials told Reuters the instruction was agreed on Monday during a teleconference of the …

    • In this photo illustration, a Facebook logo on a computer screen is seen through glasses held by a woman in Bern
      Facebook, banks sued over pre-IPO analyst calls

      (Reuters) - Facebook Inc and banks including Morgan Stanley were sued by the social networking leader's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its $16 … More »Facebook, banks sued over pre-IPO analyst calls

      In this photo illustration, a Facebook logo on a computer screen is seen through glasses held by a woman in Bern

      (Reuters) - Facebook Inc and banks including Morgan Stanley were sued by the social networking leader's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its $16 billion initial public offering. The defendants, who also include Facebook Chief Executive Officer Mark Zuckerberg, were …

    • A Vauxhall Astra Sports Tourer is parked outside the Vauxhall plant in Ellesmere Port
      Britain says GM given no special deal over Astra Rhys Jones

      LONDON (Reuters) - Britain said it had not offered General Motors any special treatment to persuade it to build the next generation of its Astra compact in England rather than Germany. General Motors, … More »Britain says GM given no special deal over Astra

      A Vauxhall Astra Sports Tourer is parked outside the Vauxhall plant in Ellesmere Port

      LONDON (Reuters) - Britain said it had not offered General Motors any special treatment to persuade it to build the next generation of its Astra compact in England rather than Germany. General Motors, which operates under the Vauxhall brand in Britain, said last week it would build the car in the UK after workers at its …

    • Traders work on the floor of the New York Stock Exchange
      Wall Street falls on euro zone concerns, Dell Angela Moon

      NEW YORK (Reuters) - U.S. stocks fell on Wednesday with all S&P 500 sectors trading negative, on mounting concerns over Greece's future in the euro zone and as a weaker-than-expected revenue forecast from … More »Wall Street falls on euro zone concerns, Dell

      Traders work on the floor of the New York Stock Exchange

      NEW YORK (Reuters) - U.S. stocks fell on Wednesday with all S&P 500 sectors trading negative, on mounting concerns over Greece's future in the euro zone and as a weaker-than-expected revenue forecast from computer maker Dell weighed on investor sentiment. Euro zone officials have agreed that each euro zone country must …

     
    Brought to you byYahoo! Finance
    Loading...