BofA Maintains Neutral Stance on Lucid Group
From Financial Modeling Prep: 2024-10-18 12:22:00
BofA Securities analysts maintain a Neutral rating and $3.40 price target for Lucid Group (LCID) due to potential and challenges in the EV market. Lucid is seen as a promising start-up with strong management, but financial stability may not be reached until 2027. Significant capital raise may be needed for growth.
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