RBC Capital Starts Lordstown Motors (RIDE) at Underperform
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June 10, 2021 8:29 AM EDT
Morgan Stanley Discontinues Coverage on Lordstown Motors (NASDAQ: RIDE). The prior rating was Underperform, with an $8 price target.
Analyst Adam Jonas comments "We remove our Underweight rating on RIDE as we believe the market may be underestimating the economic, strategic, political and... More
June 9, 2021 9:12 AM EDT
Joseph Spak, an analyst at RBC Capital Markets, started coverage of two emerging EV names with ratings on opposite ends of the spectrum - Lordstown Motors Corp (NASDAQ: RIDE) at Underperform and Fisker Inc (NYSE: FSR) at Outperform.
Spaks note on RIDE comes just a day after the company warned about its difficult financial position to send its shares over 17% down.
The companys ability to continue as a going concern is dependent on its ability to complete the development of its electric vehicles, obtain regulatory approval,... More
