Morgan Stanley Maintains Underweight on Fisker, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has maintained an Underweight rating on Fisker (NYSE:FSR) and reduced the price target from $4 to $3.
November 16, 2023 | 12:49 pm
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Morgan Stanley has maintained an Underweight rating on Fisker and lowered the price target from $4 to $3, indicating a bearish outlook on the stock.
The reduction in price target by a major financial institution like Morgan Stanley suggests a bearish sentiment towards Fisker's stock. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations based on the new price target and analyst rating.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100