Morgan Stanley Reiterates Underweight on Fisker, Maintains $4 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has reiterated an Underweight rating on Fisker (NYSE:FSR) and maintained a $4 price target.
July 13, 2023 | 1:36 pm
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Morgan Stanley has reiterated an Underweight rating on Fisker, maintaining a $4 price target.
The Underweight rating from Morgan Stanley suggests that the firm believes Fisker's stock is expected to underperform compared to other stocks. The unchanged price target of $4 indicates that the analyst does not foresee significant upside potential in the near term. This could negatively impact Fisker's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100