BTIG analyst Andre Madrid initiated coverage of Beta Technologies (BETA) with a Buy rating and $40 price target The firm looks favorably upon the electric aviation company’s approach to capitalize first on tangible, near-term demand across the cargo/logistics, medical, and military end-markets before breaking into the uncharted passenger domain, the analyst tells investors. As these markets take shape, its vertically integrated business model should provide access to the much larger and profitable aftermarket, the analyst added.
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