Why Fisker Stock Is Still Surging Today
Shares of electric-vehicle start-up Fisker (NYSE: FSR) were trading higher on Wednesday, after a key Wall Street analyst raised his price target for the company's shares.
As of 12:45 p.m. EST, Fisker was up about 10.9% from Tuesday's closing price.
In a new note on Wednesday morning, Citibank analyst Itay Michaeli raised his firm's price target for Fisker to $31, from $26, and reiterated his earlier buy rating on the shares.
Source Fool.com
