RBC Capital Maintains Sector Perform on Lucid Gr, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Tom Narayan maintains a Sector Perform rating on Lucid Group (LCID) and lowers the price target from $6 to $3.
March 08, 2024 | 3:55 pm
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RBC Capital analyst Tom Narayan maintains a Sector Perform rating on Lucid Group and lowers the price target from $6 to $3.
The reduction in price target by RBC Capital from $6 to $3 reflects a negative outlook on Lucid Group's stock value in the short term. This adjustment could lead to a decrease in investor confidence and potentially lower stock prices as the market adjusts to the new valuation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100