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Fly News Breaks for January 30, 2020
WKHS
Jan 30, 2020 | 17:02 EDT
BTIG analyst Gregory Lewis initiated coverage of Workhorse Group with a Buy rating and $6 price target. The analyst cites the company's position as a "leading US commercial electric vehicle original equipment manufacturer" as well as its expected benefits from the ongoing secular trend toward ESG investing. Lewis adds that Workhorse Group is among the finalists in the ongoing multi-billion dollar USPS Next-Generation Delivery Vehicle program, stating that winning even a part of it would be "transformational".