Workhorse Group (WKHS) PT Raised to 'Street High' $27 at Roth Capital

Roth Capital analyst Craig Irwin raised the price target on Workhorse Group (NASDAQ: WKHS) to a 'Street High' $27.00 (from $12.00) while maintaining a Buy rating.

The analyst commented, "We are updating our model and valuation to bring methods inline with the consensus approach for market leaders. The most important implication is Workhorse's stock has room to run based on positioning for the C-Series all-electric trucks, the outlook for a USPS NGDV award, and potential for a value creation event at Lordstown Motors (LMC). These all point to impressive growth potential, in our view. Raising PT to $27 (from $12) and reiterate Buy."

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