DA Davidson Downgrades Lion Electric to Neutral, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Michael Shlisky has downgraded Lion Electric (NYSE:LEV) from Buy to Neutral and lowered the price target from $1.5 to $1.
August 12, 2024 | 12:02 pm
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NEGATIVE IMPACT
DA Davidson analyst Michael Shlisky downgraded Lion Electric from Buy to Neutral and reduced the price target from $1.5 to $1.
The downgrade from Buy to Neutral and the reduction in the price target from $1.5 to $1 by a reputable analyst is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100