Joby Sinks 9% as Barclays Cuts to Underweight, Archer Climbs 5% on Overweight Call; EHang Rises 5%
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The post Joby Sinks 9% as Barclays Cuts to Underweight, Archer Climbs 5% on Overweight Call; EHang Rises 5% appeared first on 24/7 Wall St..
Joby Aviation (NYSE:JOBY) stock is at $5.26, down 9% in early trading after Barclays cut its rating on the shares to Underweight. Meanwhile, Archer Aviation (NYSE:ACHR) stock is at $4.95, up 5%, climbing as the same bank turned bullish on the rival air taxi maker, according to Barclays. A single firm taking opposite views on two companies building the same
Joby Aviation (NYSE:JOBY) stock is at $5.26, down 9% in early trading after Barclays cut its rating on the shares to Underweight. Meanwhile, Archer Aviation (NYSE:ACHR) stock is at $4.95, up 5%, climbing as the same bank turned bullish on the rival air taxi maker, according to Barclays. A single firm taking opposite views on two companies building the same
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