Airo Group initiated with an Outperform at Mizuho

Mizuho analyst Brett Linzey initiated coverage of Airo Group (AIRO) with an Outperform rating and $31 price target The firm believes the company’s recent initial pubic offering provides sufficient capital to pursue opportunities across its three core segments – drones, avionics and training. It sees an $8 per share opportunity in electric air mobility for Airo, underpinned by Canadian government and customer deposits.