Barclays Maintains Underweight on Fisker, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Dan Levy has maintained an Underweight rating on Fisker (NYSE:FSR) and reduced the price target from $5 to $4.
November 14, 2023 | 1:14 pm
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Barclays analyst Dan Levy has reiterated an Underweight rating on Fisker and lowered the price target from $5 to $4, indicating a bearish outlook on the stock.
The reduction in price target by a major financial institution like Barclays, especially when maintaining an Underweight rating, suggests a lack of confidence in Fisker's near-term growth prospects or valuation, which could lead to negative investor sentiment and downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100