Today's Most Important Initiations

Cantor Fitzgerald initiated coverage on Lucid Group Inc. (NASDAQ: LCID) with an Overweight rating and a price target of $23.00, noting it believes the company’s luxury and premium vehicles provide greater efficiency, longer range, faster charging, and more space relative to its peers. The company will compete in the global luxury car market, and its initial product, the Lucid Air, began deliveries to customers in October 2021.

EF Hutton initiated coverage on Xpel inc. (NASDAQ: XPEL) with a Buy rating and a price target of $104.00, noting that the company has evolved from an automotive product design software company to the leader of aftermarket surface and paint protection and passenger vehicle window tint films. Shares closed more than 7% higher today.

Compass Point initiated coverage on Core Scientific Inc. (NASDAQ: CORZ) with a Buy rating and a price target of $4.00.

By Davit Kirakosyan

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