Fisker price target lowered to $5 from $6 at Barclays

Barclays analyst Dan Levy lowered the firm’s price target on Fisker to $5 from $6 and keeps an Underweight rating on the shares. The company’s Q2 results show the benefits of the business model, but also the challenges of ramping production, the analyst tells investors in a research note. Fisker cut Ocean production guidance “soundly,” says the firm. It notes that while the capital raise gives some liquidity, it also creates dilution.