Lucid Group Inc. (LCID) PT Raised to $21 at Stifel

Stifel analyst Stephen Gengaro raised the price target on Lucid Group Inc. (NASDAQ: LCID) to $21.00 (from $2.10) while maintaining a Hold rating.

The analyst commented, "We are updating our Lucid target price to $21 from $2.10 to reflect the 1 for 10 reverse stock split that was effective September 2. We maintain our Hold rating."

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