DA Davidson Maintains Buy on Lion Electric, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Michael Shlisky maintains a Buy rating on Lion Electric (LEV) but lowers the price target from $3.5 to $1.5.
May 13, 2024 | 4:59 pm
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Lion Electric's price target was reduced from $3.5 to $1.5 by DA Davidson, although the Buy rating was maintained.
The reduction in price target by DA Davidson, despite maintaining a Buy rating, could lead to short-term negative sentiment among investors, potentially impacting LEV's stock price negatively. The significant cut in the target price suggests a reassessment of the company's valuation or growth prospects, which might concern investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100