Morgan Stanley Reiterates Underweight on Lucid Gr, Maintains $5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has reiterated an Underweight rating on Lucid Group (NASDAQ:LCID), maintaining a $5 price target.
July 13, 2023 | 1:47 pm
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Morgan Stanley has reiterated an Underweight rating on Lucid Group, maintaining a $5 price target.
The Underweight rating from Morgan Stanley suggests that the firm believes LCID's stock is expected to underperform compared to other stocks. The maintained $5 price target also indicates that the firm does not expect significant price appreciation in the near term. This could potentially lead to a negative impact on LCID's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100