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Why Fisker Stock Is Down Today

·2-min read
Why Fisker Stock Is Down Today
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Shares of electric-vehicle start-up Fisker (NYSE: FSR) were trading lower on Thursday after a downgrade from a widely followed Wall Street auto analyst. As of 1 p.m. EDT, Fisker's shares were down about 6.2% from Wednesday's closing price. In a new note on Thursday morning that covered several automotive stocks, Bank of America analyst John Murphy cut the bank's rating on Fisker to neutral, from buy, and lowered its price target to $18 from $27.

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