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

Reuters
17 Apr
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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10