UPDATE: RBC Capital Starts Fisker (FSR) at Outperform
RBC Capital analyst Joseph Spak initiates coverage on Fisker (NYSE: FSR) with an Outperform rating and a price target of $27.00.
The analyst commented, "A differentiated business model that takes a clean sheet BEV approach and leverages well-regarded manufacturing partners to become an asset-light, lean cost structure auto company and hasten FSR's product speed to market. We see attractive risk/reward profile."
Shares of Fisker closed at $17.40 yesterday.