Evercore ISI Group Downgrades Fisker to In-Line, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Chris McNally downgraded Fisker (NYSE:FSR) from Outperform to In-Line and reduced the price target from $6 to $2.
December 04, 2023 | 11:18 am
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NEGATIVE IMPACT
Fisker was downgraded by Evercore ISI Group from Outperform to In-Line with a significant price target cut from $6 to $2.
The downgrade by a prominent analyst from a higher rating to a neutral stance, coupled with a substantial reduction in the price target, is likely to negatively affect investor sentiment and could lead to a short-term decline in Fisker's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100