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Why Fisker Stock Is Lower Today

TheMotleyFool

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Shares of electric vehicle (EV) start-up Fisker (NYSE: FSR) were trading lower on Thursday, after an influential Wall Street analyst panned the stock in a new note.

As of 10:45 a.m. EST today, Fisker's shares were down about 9.2% from Wednesday's closing price.

In a note released after the U.S. markets closed on Wednesday, Wolfe Research analyst Rod Lache initiated coverage of Fisker with a rating of sell and a price target of $15.

Source Fool.com

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