Stifel Maintains Hold on Lucid Gr, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro maintains a Hold rating on Lucid Group (LCID) and lowers the price target from $5 to $4.
February 26, 2024 | 2:16 pm
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NEGATIVE IMPACT
Stifel maintains a Hold rating on Lucid Group and lowers the price target from $5 to $4.
The reduction in price target by Stifel indicates a less optimistic outlook on Lucid Group's stock value in the short term. This adjustment could lead to a negative perception among investors, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100