Why Fisker Stock Is Higher Today

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Shares of California-based electric-vehicle start-up Fisker (NYSE: FSR) were trading sharply higher on Friday after an influential Wall Street analyst initiated coverage of the company with a bullish note.

At 11:00 a.m. EST, Fisker’s shares were up about 26.3% from Thursday’s closing price.

In a note released after the U.S. markets closed on Thursday, Morgan Stanley analyst Adam Jonas initiated coverage of Fisker with an overweight rating and a price target of $27. 

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