RBC Capital Starts Lordstown Motors (RIDE) at Underperform
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Morgan Stanley Discontinues Coverage on Lordstown Motors (RIDE)
June 10, 2021 8:29 AM EDTMorgan 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... More
RBC Initiates Coverage of Lordstown (RIDE) at 'Underperform' and Fisker (FSR) at 'Outperform'
June 9, 2021 9:12 AM EDTJoseph Spak, an analyst at RBC Capital Markets, started coverage of two emerging EV names with ratings on opposite ends of the spectrum - Lordstown Motors Corp (NASDAQ: RIDE) at Underperform and Fisker Inc (NYSE: FSR) at Outperform.
Spaks note on RIDE comes just a day after the company warned about its difficult financial position to send its shares over 17% down.
The companys ability to continue as a going concern is dependent on its ability to complete the development of its electric vehicles, obtain regulatory approval,... More
