Joby Aviation Not Expected To Outperform As Tariffs, Trade Tensions Cloud Aerospace Outlook
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Morgan Stanley analyst Kristine T Liwag downgraded Joby Aviation, Inc. from Over-Weight to Equal-Weight, reducing the price forecast from $10 to $7 due to risks from tariffs and slower economic growth. The aerospace sector faces disruptions from tariffs and COVID-19 impacts, leading to a negative macroeconomic outlook. Liwag does not expect Joby's shares to outperform in a risk-averse environment but remains optimistic about the long-term prospects of the eVTOL sector. Joby shares fell 2.99% to $5.84.
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