Lucid Group Inc. has top-notch technology but faces a “challenging near-term setup,” according to a Baird analyst.
Baird’s Ben Kallo launched coverage of Lucid’s stock LCID with a neutral rating late Tuesday, writing that he’s waiting for consumer health to get better and for Lucid to make progress in ramping up volumes before he takes a rosier view of the name.
Kallo…
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