Barclays downgrades Joby Aviation and adjusts price target to $4
BCS Barclays plc ADR
$22.74 -1.39%
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- 1Barclays lowered its investment rating on Joby Aviation to underweight and reduced its previous price target of $6 to $4.
- 2Joby Aviation shares fell, recording a 9% decline in early trading.
- 3Joby Aviation shares fell, recording a 61% decline so far this year.
So what's the key point?
Barclays lowered its expectations for Joby Aviation's stock price and reduced its target to $4. Following this news, the stock price showed a downward trend, falling by more than 9 percent.
Source TIKR · View original ↗
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