Stifel Maintains Hold on Lucid Gr, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro maintains a Hold rating on Lucid Group (LCID) and lowers the price target from $4 to $3.
May 08, 2024 | 1:24 pm
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Stifel analyst Stephen Gengaro maintains a Hold rating on Lucid Group and lowers the price target from $4 to $3.
The reduction in price target by Stifel from $4 to $3 suggests a bearish outlook on Lucid Group's short-term price potential, likely due to perceived challenges or underperformance. This adjustment could lead to negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100