Jefferies analyst Sheila Kahyaoglu initiated coverage of Beta Technologies (BETA) with a Hold rating and $30 price target The firm believes the company’s multi-aircraft approach “de-risks” its certification pathway relative to peers. Beta is an emerging leader in the race to commercialize electric aircraft transportation, led by its two founding aircraft, the CX300 CTOL and ALIA 250 VTOL, the analyst tells investors in a research note. Jefferies awaits more progress in the market before recommending the shares.
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