Ree Automotive price target lowered to $3 from $8.50 at Alliance Global

Alliance Global Partners lowered the firm’s price target on Ree Automotive (REE) to $3 from $8.50 and keeps a Buy rating on the shares. Following the Q4 results, the company’s 2025 outlook looks more uncertain, the analyst tells investors in a research note. The firm says that while there still is multi-year demand for Ree’s products and technology, previous target of reaching breakeven in the second half of 2025 was pulled. Alliance’s current outlook incorporates “more pessimistic assumptions on the path forward.”