Airo Group price target lowered to $20 from $35 at Cantor Fitzgerald

Cantor Fitzgerald expert Colin Canfield lowered the firm’s price target connected Airo Group (AIRO) to $20 from $35 and keeps an Overweight standing connected the shares. While Airo posted a “disappointing” Q3, determination is inactive a important magnitude of worth for a captious drone supplier for some the EU and U.S., the expert tells investors successful a probe note. The steadfast thinks the magnitude of the miss has reset expectations and the banal is successful a “show me” play for the foreseeable future.

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• Airo Group terms people lowered to $25 from $31 astatine Mizuho

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