Lucid rises after Morgan Stanley upgrades to 'equal-weight'

ReutersMar 18, 2025 2:01 PM

Electric-vehicle maker Lucid Group's LCID.O shares rise 12.5% to $2.43

Morgan Stanley upgrades LCID to "equal-weight" from "underweight"

"We believe Lucid can re-rate with new leadership that has the potential to bring forth an executable AI strategy via partnerships," brokerage says

Morgan Stanley says LCID has experience in developing, commercializing and servicing electric vehicles and can help prospective partners with managing their EV strategies

One out of 15 brokerages rate the stock "buy", 10 "hold" and 4 "sell"; their median PT is $2.15

Stock fell 28% in 2024

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