Barclays upgrades Archer Aviation to Overweight
Archer Aviation (ACHR) shares gained after Barclays upgraded the electric air-taxi maker to Overweight from Equal Weight.
Archer Aviation (ACHR) stock rose overnight after Barclays became more constructive on the electric air-taxi maker, upgrading the shares to ‘Overweight’ from ‘Equal Weight’. The stock is also drawing investor attention from Archer’s growing defense ambitions, a Boeing-related acquisition and new buying by Cathie Wood’s ARK Invest.