Airo Group downgraded to Neutral from Buy at BTIG

BTIG downgraded Airo Group (AIRO) to Neutral from Buy with no price target While the firm remains constructive on drones as an end market, it contends that Airo’s near-term setup has become “less compelling.” The firm sees a more balanced near-term risk/reward and believes investors can access the drone theme through more diversified alternatives with about 87% of Airo’s revenue tied to drones and largely a single platform, the analyst tells investors.