Aeva price target lowered to $18.55 from $19 at Morgan Stanley

Morgan Stanley analyst Joseph Moore lowered the firm’s price target on Aeva (AEVA) to $18.55 from $19 and keeps an Equal Weight rating on the shares. The quarter was largely previewed, with Aeva communicating optimism both about top-of-funnel opportunities, as well as on existing engagements with Daimler trucking, the analyst tells investors in a research note.