Why Aeva Technologies Stock Is Lower Today
Shares of lidar maker Aeva Technologies (NYSE: AEVA) were trading sharply lower on Monday, after a Morgan Stanley analyst initiated coverage of the company with a not-exactly-bullish note.
As of 10:45 a.m. EDT, Aeva was down about 10.7% from Friday's closing price.
In a note released early on Monday morning, Morgan Stanley analyst Joseph Moore initiated coverage of Aeva with a rating of equal weight and a price target of $11. (Aeva closed at $9.71 on Friday.)
Source Fool.com
