Citigroup Reinstates Neutral on Lucid Gr, Announces $2.9 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli reinstates coverage on Lucid Group (LCID) with a Neutral rating and sets a price target of $2.9. This indicates a cautious outlook on the stock by Citigroup.

April 22, 2024 | 12:53 pm
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NEUTRAL IMPACT
Citigroup reinstates Lucid Group with a Neutral rating and a $2.9 price target, suggesting a cautious view on the stock's short-term prospects.
The reinstatement of coverage by Citigroup with a Neutral rating and a specific price target of $2.9 reflects a cautious but not entirely negative outlook on Lucid Group. This could lead to a neutral short-term impact on the stock as investors digest the implications of this target and rating. The importance is high as analyst ratings can influence market perception, but the confidence is not at maximum due to the unpredictable nature of market reactions to analyst ratings.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100