- Lightning Emotors Inc ZEV price target has been lowered to $9 (an upside of 91.7%) from $14 by Benchmark.
- Analyst Michael Ward reduced the price target to echo new revenue assumptions as chip shortages have extended into 2022.
- Meanwhile, the analyst maintained the Buy rating on the shares as he thinks postponed deliveries will eventually be made up.
- Also read: REV Group Delivers All-Electric, Zero-Emission Ambulance To DocGo.
- Price Action: ZEV shares are trading lower by 10.6% at $4.73 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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