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Why Hyliion Holdings Stock Is Falling Today

TheMotleyFool

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Why Hyliion Holdings Stock Is Falling TodayPhoto, wide shot, wide-angle lens, Private equity firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/2b695cca-48cb-4195-802a-e3385fb90ec0.png

Shares of hybrid-truck powertrain maker Hyliion Holdings (NYSE: HYLN) opened sharply lower on Monday, after a Wall Street analyst cut his bank's rating on the stock.

As of 10:00 a.m. EDT, Hyliion's shares were down about 13.1% from Friday's closing price.

In a new note on Monday morning, UBS analyst Steven Fisher cut his bank's rating on Hyliion to sell, from neutral, and reduced its price target for the shares to $5 from $14.

Source Fool.com

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