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Cantor Fitzgerald dropped their target price on shares of Fermi from $12.00 to $8.00 and set an "overweight" rating on the stock in a research note on Friday.
The company also said that its board would consider the best way forward, including the execution of its new ‘Fermi 2.0’ business plan, strategic investments from third parties, joint ventures, or other avenues.
Fermi Inc. faces heightened selling pressure after a critical product recall, and its stocks have been trading down by -6.04 percent. Key Takeaways FRMI has sold off from the $5s to low $3s in recent weeks, signaling a clear shift in momentum. Intraday trading shows Fermi Inc. chopping in a tight