Lilium shares are trading lower after Canaccord Genuity downgraded the stock from Buy to Hold and cut its price target from $1.85 to $0.70.
Portfolio Pulse from Benzinga Newsdesk
Lilium's stock is experiencing a decline following a downgrade by Canaccord Genuity from Buy to Hold, with a significant reduction in the price target from $1.85 to $0.70.
October 17, 2024 | 6:59 pm
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Lilium's stock is trading lower due to Canaccord Genuity's downgrade from Buy to Hold and a price target cut from $1.85 to $0.70.
The downgrade from Buy to Hold by Canaccord Genuity, along with a significant reduction in the price target, suggests a negative outlook on Lilium's stock, leading to a decline in its trading price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100