Drone maker AeroVironment ascends after report Baird turns bullish
** AeroVironment Inc's AVAV.O shares up ~9% premarket to $193.60 after report Baird turns bullish on the defense contractor
** Baird upgrades AVAV to "outperform" from "neutral" and boosts PT to $220, according to thefly.com
** AVAV, known for its smaller Switchblade loitering munition drones sent by Washington to Ukraine, last month said US Dept of State approved possible sale of its Switchblade 300 systems to Taiwan for ~$60 mln
** 6 of 7 analysts covering AVAV rate stock "strong buy" or "buy", 1 has "hold" and their median PT is $210, per LSEG data
** AVAV scheduled to report fiscal Q1 results next Weds, Sept 4, after the bell
** Shares have gained 41% YTD as per last close. Stock set for third straight year of gains after ending 2021 at $62
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
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