R.F. Lafferty Downgrades Lordstown Motors (RIDE) to Sell, $3 PT

June 14, 2021 9:24 AM EDT
Get Alerts RIDE Hot Sheet
Price: $7.48 -8.67%

Rating Summary:
    0 Buy, 3 Hold, 5 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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R.F. Lafferty analyst Jaime Perez downgraded Lordstown Motors (NASDAQ: RIDE) from Hold to Sell with a price target of $3.00 (from $6.00).

"With the level of uncertainty increasing in the future of Lordstown, we find it prudent to lower our rating to Sell. In addition, we reduced our price target by $6 to $3 per share," the analyst commented.

For an analyst ratings summary and ratings history on Lordstown Motors click here. For more ratings news on Lordstown Motors click here.

Shares of Lordstown Motors closed at $11.41 yesterday.

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Analyst Comments, Analyst PT Change, Downgrades