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RIDE

Lordstown Motors

$7.57 /

+0.125 (+1.68%)

, F

Ford

$13.78 /

+0.07 (+0.51%)

18:53
09/26/21
09/26
18:53
09/26/21
18:53

Lordstown Motors downgraded to Sell from Neutral at Goldman Sachs

Goldman Sachs analyst Mark Delaney downgraded Lordstown Motors (RIDE) to Sell from Neutral with an unchanged price target of $5, representing 34% downside from current share levels. The price target reflects the "competitive albeit growing" market for electric vehicles as well as the operational challenges that Lordstown is facing, including ramping production while facing supply chain and cash flow constraints, Delaney tells investors in a research note. The analyst points out that Ford (F) is planning to bring out a battery electric vehicle F-150 in 2022 starting at $40,000 for fleets, compared to the Endurance pickup which Lordstown plans to price in the low $50,000 range. In addition, the current supply chain issues that the auto industry broadly is experiencing could complicate Lordstown's production ramp over the next year, says Delaney. He says the competitive landscape and the company's operational challenges remain concerns for him.

RIDE

Lordstown Motors

$7.57 /

+0.125 (+1.68%)

F

Ford

$13.78 /

+0.07 (+0.51%)

  • 26

    Sep

  • 27

    Oct

RIDE Lordstown Motors
$7.57 /

+0.125 (+1.68%)

09/16/21 BofA
BofA cuts Lordstown Motors to Underperform, halves price target to $5
09/16/21 BofA
Lordstown Motors downgraded to Underperform from Neutral at BofA
08/12/21 RBC Capital
Lordstown Motors price target lowered to $1 from $5 at RBC Capital
07/16/21 BofA
Lordstown Motors price target lowered to $11 from $13 at BofA
F Ford
$13.78 /

+0.07 (+0.51%)

09/08/21 Benchmark
Worst of chip shortage could be over for Ford, says Benchmark
07/16/21 BofA
Ford price target raised to $18 from $17 at BofA
06/29/21 UBS
Ford price target raised to $16 from $13 at UBS
06/22/21 Barclays
Ford price target raised to $17 from $15 at Barclays

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