Airo Group price target lowered to $25 from $31 at Mizuho

Mizuho lowered the firm’s price target on Airo Group (AIRO) to $25 from $31 and keeps an Outperform rating on the shares following the Q3 report. The firm cites slower uptake in the U.S. and reduced EBITDA forecasts for the target drop. It still sees a favorable long-term setup for the shares.