Joby Aviation (JOBY) shares were weaker Friday after Morgan Stanley downgraded the stock to equal-weight from overweight and reduced its price target to $7 from $10.

The shares were down more than 2% in recent trading after falling as much as 7.5% earlier, with more than 13.3 million shares traded, compared with a daily average of about 12.1 million.

Price: 5.85, Change: -0.17, Percent Change: -2.82