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Lucid stock surges toward a record win streak as a rising EV tide helps investors shrug off a Citi downgrade

Por: MarketWatch Politics July 03, 2023

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It was also headed for the best six-day performance since it ran up 36.1% during the six-session stretch that ended Jan. 26, 2023. Citi Research’s Itay Michaeli resumed coverage of Lucid’s stock with a neutral rating and $8 stock price target. Prior to a two-month period of being not rated, Michaeli had rated the stock at buy with an $11.50 price target. Despite the effective downgrade, Lucid’s stock rallied, after upbeat delivery and... + full article



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