Why Aeva Technologies Stock Is Lower Today

Shares of lidar maker Aeva Technologies (NYSE: AEVA) were trading sharply lower on Monday, after a Morgan Stanley analyst initiated coverage of the company with a not-exactly-bullish note.

As of 10:45 a.m. EDT, Aeva was down about 10.7% from Friday's closing price.

In a note released early on Monday morning, Morgan Stanley analyst Joseph Moore initiated coverage of Aeva with a rating of equal weight and a price target of $11. (Aeva closed at $9.71 on Friday.) 

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Source Fool.com