** Shares of air taxi makers Archer Aviation fall 4% and Joby Aviation 5.27% in premarket trade
** J.P. Morgan cuts ACHR rating to "neutral" from "overweight" and JOBY to "underweight" from "neutral"
** Brokerage says despite expected deregulation under the new Trump administration, which could streamline Federal Aviation Administration approval, "the bulk of the work remains in the companies hands"
** "ACHR and JOBY will remain stringent around safety standards and testing to eliminate chances of reputational risk when market is still nascent" - brokerage
** In 2024, ACHR was up 58.8% and JOBY was up 22.2%
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.