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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100