Benchmark Maintains Buy on Lightning eMotors, Lowers Price Target to $7
Portfolio Pulse from richadhand@benzinga.com
Benchmark analyst Michael Ward maintains a Buy rating on Lightning eMotors (NYSE:ZEV) but has lowered the price target from $16 to $7.
August 15, 2023 | 2:01 pm
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NEUTRAL IMPACT
Benchmark analyst maintains a Buy rating on Lightning eMotors but lowers the price target from $16 to $7. This could potentially impact the stock's short-term performance.
The news of the lowered price target could potentially lead to a decrease in the stock's price in the short term as it may shake investor confidence. However, the maintained Buy rating indicates that the analyst still sees potential in the company, which could balance out the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100