Barclays Maintains Equal-Weight on Lion Electric, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Dan Levy has maintained an Equal-Weight rating on Lion Electric (NYSE:LEV) but has reduced the price target from $3 to $2.
November 14, 2023 | 1:16 pm
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Barclays has maintained an Equal-Weight rating on Lion Electric but lowered the price target from $3 to $2, indicating a potential downside or limited upside.
The reduction in price target by a major analyst like Barclays can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The Equal-Weight rating suggests that the analyst sees the company as fairly valued at its current price, but the lowered target indicates a belief that the stock may not have much room for growth and could even decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100