Alliance Global Partners downgraded Vicinity Motor (VEV) to Sell from Neutral without a price target The firm cites the “substantial uncertainty” and likelihood of a liquidation of the company for the downgrade. After Vicinity Motor’s workout discussions failed, a liquidation is highly probable, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VEV:
- Vicinity Motor Corp. Faces Receivership and Trading Halt
- Vicinity Motor receives notice from RBC of intent to file receivership order
- Vicinity Motor Faces Shutdown as Restructuring Fails
- Vicinity Motor Announces Delay in Financial Reporting
- Vicinity Motor provides update on filing quarterly financial statements
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue