Fisker spikes 26% after Morgan Stanley says its 'deceptively low execution risk' makes it stand out in crowded EV space

The Fisker Ocean.
FiskerFisker Inc. spiked 26% on Friday after Morgan Stanley initiated the EV company with an Overweight rating. Morgan Stanley set a $27 price target for the company, representing 76% potential upside.Fisker has "deceptively low execution risk" that makes it stand out in the crowded EV space, Morgan Stanley said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Fisker Inc. spiked as much as 26% on Friday following a bullish initiation note