Aeva Technologies price target lowered to $2 from $3 at Baird

Baird analyst Tristan Gerra lowered the firm’s price target on Aeva Technologies to $2 from $3 and keeps an Outperform rating on the shares. The analyst said its Aeries II momentum continues, shipping to over 40 customers in 2022, and they expect to advance two additional programs toward production in 2023.