Exane BNP Paribas Downgrades Lucid Gr to Underperform, Lowers Price Target to $5
Portfolio Pulse from richadhand@benzinga.com
Exane BNP Paribas analyst James Picariello has downgraded Lucid Gr (NASDAQ:LCID) from Neutral to Underperform and lowered the price target from $6.5 to $5.
August 11, 2023 | 2:15 pm
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NEGATIVE IMPACT
Lucid Gr has been downgraded to Underperform by Exane BNP Paribas, with a lowered price target from $6.5 to $5.
The downgrade from Neutral to Underperform by a prominent analyst, along with a lowered price target, indicates a negative outlook for Lucid Gr. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100