Workhorse Executes Strategic Development Agreement with J.B. Poindexter & Co. Subsidiary EAVX to Expand its Product Offerings

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Go back to Workhorse Executes Strategic Development Agreement with J.B. Poindexter & Co. Subsidiary EAVX to Expand its Product Offerings

Workhorse Group (WKHS) PT Lowered to $20 at BTIG

May 10, 2021 1:25 PM EDT

BTIG analyst Gregory Lewis lowered the price target on Workhorse Group (NASDAQ: WKHS) to $20.00 (from $24.00) while maintaining a Buy rating.

The analyst commented, "WKHS traded down sharply (down ~10%) at the market open owing to Q1 revenues of $0.5M (Consensus $2.3M and BTIG $1.2M) with just 6 vehicles delivered... More