Workhorse Group price target lowered to $1.75 from $2 at Roth Capital

Roth Capital lowered the firm’s price target on Workhorse Group (WKHS) to $1.75 from $2 and keeps a Neutral rating on the shares post the Q2 report. The company showed progress with revenue ahead on the delivery of 32 units and the Motiv Electric Trucks merger provides a wider path for ramping deliveries, the analyst tells investors in a research note. Roth says it could get constructive on the shares with a credible timeline to positive gross margins.