Goldman Sachs Downgrades Lordstown Motors, Says Auto Chip Shortage Could Hit Company Particularly Hard
September 27 2021 - 2:17PM
Benzinga
Lordstown Motors Corp (NASDAQ: RIDE) traded
higher Monday despite a stock downgrade by a major Wall Street
firm.
The Analyst: On Sunday, Goldman Sachs analyst
Mark Delaney downgraded Lordstown from Neutral to Sell and
reiterated a $5 price target.
Latest Ratings for RIDE
| Date |
Firm |
Action |
From |
To |
| Sep 2021 |
Goldman Sachs |
Downgrades |
Neutral |
Sell |
| Sep 2021 |
B of A Securities |
Downgrades |
Neutral |
Underperform |
| Jun 2021 |
RF Lafferty |
Downgrades |
Hold |
Sell |
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