Archer Aviation price target lowered to $4.50 from $6.50 at Barclays

Barclays lowered the firm’s price target on Archer Aviation to $4.50 from $6.50 and keeps an Equal Weight rating on the shares. Electric vertical take-off and landing producers have attempted to diversify potential future revenue streams in recent periods and raised needed capital, but with 2025 approaching, investors are focusing on progress toward regulatory certification as the FAA must divert resources to Boeing, the analyst tells investors in a research note.