LiveWire price target raised to $10.50 from $7.50 at Citi

Citi raised the firm’s price target on LiveWire to $10.50 from $7.50 and keeps a Neutral rating on the shares ahead of quarterly results. The firm cited on a research note on Friday the potential benefits from the proposed Electric Motorcycle Parity Act that was introduced to the Senate on 5/31, which, if passed, could potentially drive meaningful demand for EV motorcycles by introducing IRA tax credits.