Citi analyst Itay Michaeli lowered the firm’s price target on Lilium to $1 from $1.10 and keeps a Neutral rating on the shares. the firm’s new model reflects updated cash use and funding estimates, commencement of revenue generation and other updates. It views the stock’s risk/reward as fairly balanced.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LILM:
- Lilium Starts Production of High-Performance Battery Packs for the Lilium Jet
- Lilium starts production of high-performance battery packs for Lilium Jet
- Lilium begins integration of Garmin standby flight instruments for jet
- Lilium Begins Integration of Garmin Standby Flight Instruments for the Lilium Jet
- Lilium appoints Johan Malmqvist as CFO
