Morgan Stanley Maintains Underweight on Lucid Gr, Maintains $3 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has maintained an Underweight rating on Lucid Group (LCID) and kept the price target at $3.

March 25, 2024 | 6:52 pm
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Morgan Stanley has reaffirmed its Underweight rating on Lucid Group, with a price target of $3.
The reaffirmation of an Underweight rating by a major analyst like Morgan Stanley, coupled with a low price target, is likely to negatively impact investor sentiment towards LCID in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on this analysis.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100