Fisker shares are trading lower after Wolfe Research downgraded the stock from Peer Perform to Underperform and announced a $6 price target.
Portfolio Pulse from Benzinga Newsdesk
Fisker's stock has been downgraded from Peer Perform to Underperform by Wolfe Research, which also set a $6 price target.
June 08, 2023 | 4:45 pm
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Fisker shares are expected to face downward pressure after Wolfe Research downgraded the stock and set a $6 price target.
The downgrade from Wolfe Research is a negative signal for Fisker's stock, as it indicates a lack of confidence in the company's performance. The $6 price target suggests that the stock is overvalued, which may lead to selling pressure and a decline in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100