** Shares of electric aircraft maker Archer Aviation ACHR.N fall nearly 1.2% to about $6.8
** Rival Joby Aviation JOBY.N on Wednesday sued co in California state for allegedly stealing its trade secrets
** "Joby alleges we used their trade secrets to win a 'deal' with a developer but the reality is that Archer has no deal with this developer," said co's chief legal and strategy officer, Eric Lentell
** Six of eight brokerages rate stock "buy" and two "hold"; their median PT is $13 - data compiled by LSEG
** Including session's moves, shares down 30.3% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))