DA Davidson Maintains Buy on Lion Electric, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Michael Shlisky maintains a Buy rating on Lion Electric (LEV) but lowers the price target from $4 to $3.5.
March 05, 2024 | 3:10 pm
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NEUTRAL IMPACT
DA Davidson maintains a Buy rating on Lion Electric but lowers the price target from $4 to $3.5.
While the maintenance of a Buy rating indicates continued analyst confidence in Lion Electric's fundamentals, the reduction in the price target could suggest a tempered outlook on the stock's short-term price performance. This mixed signal might lead to neutral market reaction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100