Beta Technologies price target lowered to $31 from $38 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Beta Technologies (BETA) to $31 from $38 and keeps an Overweight rating on the shares. The firm’s outlook on Beta Technologies remains positive, based on the view that prioritizing CTOL certification over eVTOL and focusing first on cargo and medical operations before passenger service offers a faster, more clearly defined path to FAA certification, the analyst tells investors in a research note.