Aurora Innovation initiated with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage of Aurora Innovation (AUR) with an Overweight rating and $10 price target The firm believes Aurora, which is developing autonomous self-driving software, hardware, and data services as a platform, to enable faster, safer, and more efficient long-haul trucking, is benefiting from a clear path towards commercialization, an asset-light and a high-margin business model, the analyst tells investors in a research note. Additionally, while President-elect Trump plans to potentially develop a federal framework for self-driving vehicles in the U.S., Aurora already benefits from a favorable regulatory environment, Cantor says.