Cantor Fitzgerald Downgrades REE Automotive to Underweight, Announces $4 Price Target
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Andres Sheppard has downgraded REE Automotive (NASDAQ:REE) from Neutral to Underweight and set a price target of $4.

December 01, 2023 | 11:37 am
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REE Automotive was downgraded by Cantor Fitzgerald from Neutral to Underweight with a new price target of $4.
The downgrade by a prominent analyst to Underweight suggests a bearish outlook on the stock, which could lead to a negative sentiment among investors and a potential decrease in the stock price in the short term. The setting of a price target of $4 also implies that the analyst believes the stock is currently overvalued, which could further contribute to downward pressure on the stock price.
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IMPORTANCE 90
RELEVANCE 100