Proterra price target lowered to $1.40 from $1.80 at Citi

Citi lowered the firm’s price target on Proterra to $1.40 from $1.80 and keeps a Neutral rating on the shares. The analyst is taking a more conservative view of the company’s revenue and gross margin ramp in light of recent quarterly trends and the macro backdrop. It views the stock’s risk/reward as fairly balanced.