Citigroup Reinstates Neutral on Lucid Gr, Announces $8 Price Target
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Itay Michaeli has reinstated Lucid Group (NASDAQ:LCID) with a Neutral rating and announced a price target of $8.
July 03, 2023 | 8:26 am
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Citigroup has reinstated Lucid Group with a Neutral rating and a price target of $8.
The reinstatement of a Neutral rating by Citigroup indicates that the bank sees Lucid Group's stock as fairly valued at the moment. The price target of $8 suggests that Citigroup believes there is limited upside potential in the short term. This could lead to a neutral or slightly negative reaction in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100