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-0.00264783759929385 -0.000882612533097951 -0.000944395410414822 0.000882612533097951 -0.00529567519858771 0.0264783759929392 0.0406001765225067 0.0400353045013239
Stock impact report

Morgan Stanley Downgrades To Equal Weight On Lucid Group, Inc. (LCID) [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
Morgan Stanley downgraded Lucid Group, Inc. (NASDAQ:LCID) to Underweight from Equal Weight on December 8. The firm also trimmed its price target to $10 from $30, according to TheFly. The reduction occurred as a result of a change in analyst coverage and was part of Morgan Stanley's 2026 outlook assessment for the auto and shared mobility industries. The firm stated it is becoming more cautious in 2026, claiming that an “EV winter” is projected to last until next year. The firm stated that its forecast for internal combustion engines and hybrid vehicles has grown moderately more favorable, according to TheFly. According to Bloomberg on December 10, Lucid Group, Inc. (NASDAQ:LCID) executives stated that the company is witnessing a distinct slowdown in the demand for electric vehicles in both the US and Europe. Interim CEO Marc Winterhoff told Bloomberg Television that the elimination of US federal tax credits pushed some EV demand into the third quarter. He stated that Lucid Group, Show less Read more
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