Needham Maintains Buy on Lucid Gr, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Chris Pierce maintains a Buy rating on Lucid Group (NASDAQ:LCID) but lowers the price target from $9 to $5.

November 08, 2023 | 12:19 pm
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NEUTRAL IMPACT
Needham analyst maintains a Buy rating on Lucid Group but lowers the price target from $9 to $5.
The news is directly about Lucid Group. While the maintained Buy rating is positive, the lowered price target could have a negative impact. The net effect on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100