Lucid price target raised to $20 from $3 at Cantor Fitzgerald amid reverse split

Cantor Fitzgerald analyst Andres Sheppard raised the firm’s price target on Lucid Group (LCID) to $20 from $3 and keeps a Neutral rating on the shares. Lucid Group completed a 1-for-10 reverse stock split, consolidating 3.07B outstanding shares into 307.3M, the analyst tells investors in a research note.