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RBC Cuts Lucid’s Price Target as Wall Street Sours on the EV Maker
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RBC Cuts Lucid’s Price Target as Wall Street Sours on the EV Maker
RBC Capital Markets lowered its price target on Lucid, extending a steady retreat by the bank’s analyst on a stock that has lost most of its value this year. Analyst Tom Narayan’s reduction marks at least the fourth cut to RBC’s Lucid target since January, when the figure stood at $20 before a sequence of downward revisions tracked the shares lower through the first half. RBC Capital cut its price target on the Saudi-backed EV maker to $7.00 fro…
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