Canoo price target lowered to $1.25 from $1.55 at Alliance Global Partners

Alliance Global Partners analyst C. K. Poe Fratt lowered the firm’s price target on Canoo to $1.25 from $1.55 and keeps a Buy rating on the shares post the Q3 report. The company reported its first quarter of revenue generation and the results were better than expected, the analyst tells investors in a research note. The firm believes the stock’s 64% drop this year has created a risk/reward profile that is “positively skewed.”