Archer deal with Stellantis eases stock overhang, says Deutsche Bank

Deutsche Bank analyst Edison Yu says Archer Aviation’s deal with Stellantis should help alleviate the overhang on the stock. While Archer has operationally delivered on several key objectives in the past few months, the stock has continued to languish, Yu tells investors in a research note. He attribute this to two tactical factors, "both of which are getting addressed by the Stellantis deal." Yu keeps a Buy rating on the shares.