Lucid Group (LCID) Appoints Marc Winterhoff as COO
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/17/2026
- Generac strikes $8B supply deal with Amazon for data center power
- Wall St ends lower after Fed hikes interest rates, sees more tightening ahead
- Paradium AI (PAAI) Halted, News Pending
- Shipping stocks on fire — but cracks are forming in the rate rally
- JPMorgan Fed scenario analysis: 5 paths for the S&P 500 today
Cantor Fitzgerald cuts Lucid (LCID) to Neutral following 3Q revenue miss
November 8, 2023 8:34 AM ESTCantor Fitzgerald downgraded Lucid Group (NYSE: LCID) to a Neutral rating (From Overweight) and cut their 12-month price target on the electric automaker to $6.00 (From $10.00) after the company reported its 3Q23 earnings results after the market closed on Tuesday.
LCID reported 3Q revenues of $137.8 million, falling short of the consensus estimate of $185.1 million. This came after the company's pre-announcement on October 17, revealing that it had manufactured 1,550 vehicles (below the estimated 2,400) and delivered 1,457 vehicles (below the estimated 1,650)... More
