BMO Capital Maintains Market Perform on Lion Electric, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Tamy Chen has maintained a Market Perform rating on Lion Electric (LEV) and reduced the price target from $2 to $1.
May 09, 2024 | 3:26 pm
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BMO Capital has maintained its Market Perform rating on Lion Electric but lowered the price target from $2 to $1.
The reduction in price target by BMO Capital suggests a bearish outlook on the stock's short-term price movement, likely due to factors not specified in the article but inferred to be negative. This adjustment in price target can influence investor sentiment and potentially lead to a decrease in stock price in the short term.
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