TD Cowen lowered the firm’s price target on Luminar to $3 from $5 and keeps a Buy rating on the shares. The firm noted the company took actions to right-size the balance sheet and remove some liquidity overhang though Cowen expects another round of financing.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 LAZR: