Analyst revises Lucid (LCID) stock price target

Lucid (NASDAQ: LCID) may be preparing to cut its annual production guidance, according to Cantor Fitzgerald analyst Andres Sheppard, ahead of the company's highly anticipated second-quarter earnings call scheduled for Tuesday. "There is a possible scenario where LCID could revise down its guidance," Sheppard wrote in a new investor note released Monday. He reiterated a Neutral rating on the stock and set a $3 price target, implying an upside of roughly 24% from Lucid's current trading price of $2.42. Sheppa ...