Barclays Maintains Equal-Weight on Lion Electric, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Dan Levy has maintained an Equal-Weight rating on Lion Electric (LEV) but has lowered the price target from $2 to $1.

May 09, 2024 | 3:26 pm
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Barclays has maintained its Equal-Weight rating on Lion Electric but reduced the price target from $2 to $1.
The reduction in price target by Barclays, a major financial institution, suggests a bearish outlook on Lion Electric's short-term price potential. This adjustment reflects concerns or revised expectations about the company's future performance, which could lead to decreased investor confidence and a potential decrease in stock price in the short term.
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