BUZZ-Archer rises after unveiling plans for New York air-taxi network

Reuters

04-17

BUZZ-Archer rises after unveiling plans for New York air-taxi network

** Shares of Archer Aviation ACHR.N rise 7% to $7.5 in morning trade

** ACHR unveils plans for a proposed air-taxi network in New York City, in partnership with United Airlines UAL.O

** Co plans to link Manhattan with nearby airports using its eVTOL aircraft, Midnight

** 7 of 9 brokerages rate the stock "buy" and 2 "hold"; their median PT is $12.75 - data compiled by LSEG

** Including session's move, stock down 22.36% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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