Citigroup Maintains Buy on Fisker, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli has maintained a Buy rating on Fisker (NYSE:FSR) but has reduced the price target from $10 to $4.
December 08, 2023 | 11:38 am
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Citigroup maintains a Buy rating on Fisker but cuts the price target significantly from $10 to $4, indicating a potential downside according to the bank's analysis.
The reduction in price target by Citigroup is a significant change that suggests the analyst sees less upside potential or higher risks for Fisker. This could lead to a negative investor sentiment in the short term and potentially lower stock price.
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IMPORTANCE 80
RELEVANCE 100