Stifel Just Slashed Its Price Target on Lucid Motors (LCID) Stock

Lucid Motors (NASDAQ:LCID) stock is rising today by over 4%, even in the face of a Wall Street downgrade. Analyst Stephen Gengaro of Stifel Nicolaus has issued a bearish take on LCID stock, lowering his price target from $5 to $4 and reiterating a “hold” rating. While the electric vehicle (EV) producer has spent the past six months bleeding out almost 50% of its value, it has picked up some slight momentum over the past week. Today’s performance suggests that the scrappy startup isn’t done fighting, even as ...