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Aeva Technologies price target raised to $5.22 from $4.87 at Morgan Stanley

Aeva Technologies price target raised to $5.22 from $4.87 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Aeva Technologies (AEVA) to $5.22 from $4.87. Aeva secured a win with a large scale passenger vehicle program, a significant milestone for the company, the analyst tells investors in a research note. The firm keeps an Equal Weight rating on the shares as opportunities remain “dated,” with risks between now and full volume production.

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