Morgan Stanley Discontinues Coverage on Lordstown Motors (RIDE)

Morgan Stanley Discontinues Coverage on Lordstown Motors (NASDAQ: RIDE). The prior rating was Underperform, with an $8 price target.

Analyst Adam Jonas comments "We remove our Underweight rating on RIDE as we believe the market may be underestimating the economic, strategic, political and social risks which are difficult to quantify. The outcomes for the stock may be highly volatile (+ and -) and we prefer to watch from the sidelines."

You May Also Be Interested In

• Morgan Stanley Downgrades Liberty LiLAC (LILA) to Underweight
• Jefferies Downgrades IDP Education (IEL:AU) (IDPUF) to Hold
• These 25 S&P 500 stocks saw the largest increase in institutional ownership in Q2