BUZZ-Archer Aviation falls after rival Joby sues co

Reuters11-21

BUZZ-<a href="https://laohu8.com/S/ACHR">Archer Aviation</a> falls after rival Joby sues co

** Shares of electric aircraft maker Archer Aviation ACHR.N fall nearly 1.2% to about $6.8

** Rival Joby Aviation JOBY.N on Wednesday sued co in California state for allegedly stealing its trade secrets

** "Joby alleges we used their trade secrets to win a 'deal' with a developer but the reality is that Archer has no deal with this developer," said co's chief legal and strategy officer, Eric Lentell

** Six of eight brokerages rate stock "buy" and two "hold"; their median PT is $13 - data compiled by LSEG

** Including session's moves, shares down 30.3% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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