R.F. Lafferty Starts Fisker (FSR) at Buy, $23 PT

R.F. Lafferty analyst Jaime Perez initiates coverage on Fisker (NYSE: FSR) with a Buy rating and a price target of $23.00.

The analyst commented, "We are initiating coverage of Fisker Inc. (NYSE: FSR) with a Buy rating and a $23 per share price target. The company is developing the Fisker Ocean, an all-electric midsize luxury SUV for the consumer market with anMSRP between $37,499-$69,900. The Ocean will compete against ICEs (Internal Combustible Engines) and other electric vehicle OEMs, including Tesla’s Model Y. Initially, Fisker will market the Ocean within the United States, where the bulk of its pre-orders originated. Afterward, the company will offer its product to the European market."

For an analyst ratings summary and ratings history on Fisker click here. For more ratings news on Fisker click here.

Shares of Fisker closed at $19.46 yesterday.

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