Needham Maintains Buy on Lucid Gr, Lowers Price Target to $9
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Chris Pierce maintains a Buy rating on Lucid Group (NASDAQ:LCID) but lowers the price target from $10 to $9.

August 08, 2023 | 11:28 am
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NEUTRAL IMPACT
Needham analyst maintains a Buy rating on Lucid Group but lowers the price target from $10 to $9.
The news is directly about Lucid Group. The maintained Buy rating indicates continued confidence in the company, which could be positive for the stock. However, the lowered price target might indicate a slightly less optimistic outlook, which could have a neutral to slightly negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100