Fisker price target lowered to $9 from $10 at R.F. Lafferty

R.F. Lafferty analyst Jaime Perez lowered the firm’s price target on Fisker to $9 from $10 and keeps a Buy rating on the shares post the Q2 report. During the quarter, Fisker’s suppliers experienced a slower than expected ramp-up of their products and could not meet the company’s production schedule, the analyst tells investors in a research note. However, since then, suppliers have increased output to meet Fisker’s production schedule for the second half 2023, says the firm.