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Lordstown Motors Drops 16% Following Q3 Earnings, But Analyst Says Dip Buyers Beware

Lordstown Motors Drops 16% Following Q3 Earnings, But Analyst Says Dip Buyers Beware

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Lordstown Motors Corp (NASDAQ:RIDE) shares dropped 16.6% on Thursday after the company’s third-quarter earnings report underwhelmed the market, but one Wall Street analyst saidĀ investors should think twice about buying the dip in Lordstown. The Analyst: Bank of America analyst John Murphy reiterated his Underperform rating and $5 price target for Lordstown.

...read full article on Benzinga

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