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

Lucid Motors (NASDAQ:LCID) stock tumbled 14% yesterday after the electric vehicle (EV) maker reported a higher-than-expected net loss. Investment bank Stifel responded to the news by cutting its price target on LCID stock to $3 from $4. Two other banks were also generally unenthusiastic about the company’s first-quarter data and outlook.Lucid, however, did report some positive news. But investors appear to have been spooked by the firm’s bottom-line miss.Lucid’s Q1 ResultsLucid’s Q1 performance was mixed. T ...