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HYLN - Why Hyliion Holdings Stock Is Falling Today
Hyliion Holdings Corp. Class A
Shares of hybrid-truck powertrain maker Hyliion Holdings (NYSE: HYLN) opened sharply lower on Monday, after a Wall Street analyst cut his bank's rating on the stock.
As of 10:00 a.m. EDT, Hyliion's shares were down about 13.1% from Friday's closing price.
In a new note on Monday morning, UBS analyst Steven Fisher cut his bank's rating on Hyliion to sell, from neutral, and reduced its price target for the shares to $5 from $14.