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

Cantor Fitzgerald analyst Colin Canfield lowered the firm’s price target on Airo Group (AIRO) to 20from20 from 35 and keeps an Overweight rating on the shares. While Airo posted a “disappointing” Q3, there is still a significant amount of value for a critical drone supplier for both the EU and U.S., the analyst tells investors in a research note. The firm thinks the magnitude of the miss has reset expectations and the stock is in a “show me” period for the foreseeable future. TipRanks Black Friday Sale Clai ...