Airo Group initiated with a Buy at BTIG

BTIG initiated coverage of Airo Group (AIRO) with a Buy rating and $26 price target The firm views Airo as a “differentiated” aerospace, autonomy, and air mobility company. Airo Group’s solutions, especially within drones, should allow it to capture meaningful market share in an elevated global threat environment, the analyst tells investors in a research note. BTIG believes the company has a low-risk, high-reward profile in electric air mobility.