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."
Published first on TheFly
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Read More on LILM:
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