TD Cowen Downgrades Fisker as Challenges Pile Up

Fisker Inc. Downgraded by TD Cowen Amid Growing Challenges

TD Cowen has downgraded Fisker Inc. to a Market Perform rating and reduced its 12-month price target on the stock, citing mounting challenges faced by the company. Initially, TD Cowen had a positive outlook for Fisker, recognizing the potential in its contract manufacturing relationships, attractive vehicle price point, and asset-light production approach. However, the increasing number and frequency of challenges have caused analysts to reassess their evaluation.