Cantor Fitzgerald analyst Andres Sheppard lowered the firm’s price target on Lucid Group (LCID) to $21 from $26 and keeps a Neutral rating on the shares. Lucid’s management reaffirmed that the Midsize Platform is on track for start of production in late-2026, the analyst tells investors in a research note. Cantor continues to believe the Midsize will allow Lucid to scale up production at higher volumes and improve gross margins and expects the first introduced vehicle to be an SUV model.
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