Stock Track | Lucid Group Inc Plunges 5.07% in Pre-Market After Morgan Stanley Downgrade and Target Price Cut

Stock Track12-08 21:08

Lucid Group Inc (LCID) saw its shares plummet 5.07% in pre-market trading on Monday, following a significant downgrade by Morgan Stanley.

The investment bank cut its rating on Lucid Group from Equalweight to Underweight and slashed its target price from $30 to $10, citing concerns over the company's outlook. This downgrade has likely contributed to the sharp decline in Lucid's stock price during the pre-market session.

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