Fisker price target lowered to $6.50 from $8 at BofA

BofA lowered the firm’s price target on Fisker to $6.50 from $8 and keeps a Buy rating on the shares after the company reported Q3 results that came in below BofA and consensus estimates and lowered its production guidance for 2023. While the cut and the earnings miss could put near-term pressure on the stock, the firm believes Fisker’s “long-term story remains on-track,” the analyst tells investors.