Airo Group price target lowered to $20 from $35 at Cantor Fitzgerald

Core Viewpoint - Cantor Fitzgerald analyst Colin Canfield has lowered the price target for Airo Group (AIRO) from $35 to $20 while maintaining an Overweight rating on the shares, indicating a belief in the company's long-term potential despite recent performance issues [1] Group 1: Financial Performance - Airo Group reported a "disappointing" Q3, which has led to a reset in expectations for the company's stock performance [1] - The magnitude of the earnings miss has placed the stock in a "show me" period, suggesting that investors will be looking for clear signs of recovery and value creation in the near future [1] Group 2: Market Position - Airo Group is recognized as a critical drone supplier for both the EU and U.S. markets, indicating its strategic importance in the industry [1]