H.C. Wainwright lowered the firm’s price target on Canoo (GOEV) to $2 from $4 and keeps a Buy rating on the shares post the Q3 report. The firm cites push-outs in the company’s vehicle production timeline and delivery expectations as it remains in the process of establishing long-term financing that can meet remaining capex needs for manufacturing readiness for the target cut.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOEV: