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Goldman Sachs Downgrades Lordstown Motors To Sell – Read Why

Goldman Sachs Downgrades Lordstown Motors To Sell - Read Why

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Goldman Sachs analyst Mark Delaney downgraded Lordstown Motors Corp (NASDAQ:RIDE) to Sell from Neutral with an unchanged price target of $5, representing 34% downside. Delaney wrote in a note that the price target reflects the “competitive albeit growing” market for electric vehicles as well as the operational challenges that Lordstown is facing.

...read full article on Benzinga

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