Roth Capital Starts Workhorse Group (WKHS) at Buy

Roth Capital analyst Craig Irwin initiates coverage on Workhorse Group (NASDAQ: WKHS) with a Buy rating and a price target of $4.00.

The analyst comments "Workhorse is an emerging producer of medium-duty electric trucks, with a history of delivering 360 units to customers including UPS, FedEx, DHL, Alpha Baking, W.B. Mason and Ryder. The approaching start to C-Series truck production should lift visibility for mgmt executing a 1,060 unit backlog with UPS. Other announced orders should provide incremental catalysts. A potential USPS NGDV award could also be transformational, where a 2H20 announcement is looking likely."

For an analyst ratings summary and ratings history on Workhorse Group click here. For more ratings news on Workhorse Group click here.

Shares of Workhorse Group closed at $2.46 yesterday.

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