2020-12-11 05:00:47 RIDE Lordstown Motors
12/11/20 12/1105:00 12/11/2005:00 | Lordstown Motors initiated with a Buy at Goldman SachsGoldman Sachs analyst Mark Delaney initiated coverage of Lordstown Motors with a Buy rating and $31 price target. Lordstown's "first-mover advantage" as the first all-electric pickup truck in the market, "unique" design technology and features that should be well-received by the customer base will help the company to be successful, Delaney tells investors in a research note. The analyst says industry discussions with potential fleet customers and the roughly 50,000 pre-orders for the Endurance suggest "there is good demand for the product." |
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