Aurora Innovation Inc (AUR) PT Lowered to $8 at DA Davidson

DA Davidson analyst Tom White lowered the price target on Aurora Innovation Inc (NASDAQ: AUR) to $8.00 (from $14.25) while maintaining a Buy rating following the company's Investor Day.

The analyst commented, "We recently attended AUR's Analyst & Investor Day in Palmer, TX, where we also experienced an Aurora Driver-operated autonomous truck ride along Texas Interstate 45. Attending the event from AUR were Founder/CEO Chris Urmson, CFO Richard Tame, and several other senior leaders, as well as representatives from key AUR partners Volvo, PACCAR, FedEx, US Xpress, and Covenant (interestingly, not Uber Freight). Overall, we came away from the event incrementally positive on AUR's LT positioning in the nascent self-driving trucking sector, and we affirm our BUY rating on shares."

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