Why Fisker Stock Is Lower Today
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