Analysts Are Downgrading These 5 Stocks on Friday

2. Proterra Inc. (NASDAQ:PTRA) was downgraded from a Buy to an Underperform at the Bank of America. The price target on Proterra Inc. (NASDAQ:PTRA) was also revised from $12.25 to $5. The target price is 2% lower than yesterday’s closing price. Although the California-based company is seen as a leader in the commercial EV space, Proterra Inc. (NASDAQ:PTRA) is facing significant headwinds in the form of supply chain disruptions, similar to its peers in the industry.

On a sequential basis, the number of hedge funds invested in Proterra Inc. (NASDAQ:PTRA) decreased by seven to 13 hedge funds as of Q4 2021.