Cantor Fitzgerald Is Souring on Lucid (LCID) Stock

Lucid (NASDAQ:LCID) stock is slipping on Thursday after the electric vehicle (EV) company’s shares were hit with a downgrade by Cantor Fitzgerald analysts.That downgrade drops shares of LCID stock from a “neutral” rating to an “underweight” rating. For comparison, the analysts’ consensus rating for LCID is reduce based on 10 opinions.The downgrade for LCID stock also comes with a price target cut from $6 per share to $4 per share. Despite the drop, that still represents an 8.1% upside for the EV company’s s ...