Stock Track | Joby Aviation Plummets 5.04% Intraday After Morgan Stanley Cuts Price Target

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Joby Aviation's stock plummeted 5.04% during Thursday's intraday trading session following negative analyst action.

Morgan Stanley analyst Kristine Liwag lowered the firm's price target on Joby Aviation to $13 from $15 while maintaining an Equal Weight rating on the stock. The reduced price target suggests diminished optimism about the company's future valuation prospects.

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