Aeva Technologies Inc. (AEVA) saw its stock plummet by 5.02% during Friday's trading session, following a downward revision of its price target by Morgan Stanley. The significant drop comes as investors react to the lowered expectations for the company's stock performance.
Morgan Stanley analyst Joseph Moore reduced the firm's price target on Aeva from $19 to $18.55, while maintaining an Equal Weight rating on the shares. This adjustment, though slight, appears to have triggered a negative sentiment among investors, leading to the sharp decline in Aeva's stock price.
The downgrade occurs amid mixed opinions on technology stocks, with Aeva Technologies being one of the companies under scrutiny. As the technology sector faces increased analyst attention, companies like Aeva are experiencing heightened volatility. Investors are advised to closely monitor further analyst reports and company performance as the market digests this latest price target revision.
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