Barclays lowered the firm’s price target on Lion Electric to $1 from $2 and keeps an Equal Weight rating on the shares. The company’s Q1 missed on launch cost drags from LionD/5 and battery packs, the analyst tells investors in a research note. The firm is still waiting for a truck inflection.
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 LEV: