Lilium price target lowered to $7 from $9 at Piper Sandler

Piper Sandler analyst Alexander Potter lowered the firm’s price target on Lilium to $7 from $9 and keeps an Overweight rating on the shares post the Q3 results. Lilium is "still pursuing certification for its electric jet, and as a result we don’t expect revenue until mid-decade," Potter tells investors in a research note. However, the analyst feels shareholders "should feel heartened by Lilium’s progress over the past 90 days."