By Davit Kerakossian
Cantor Fitzgerald on Lucid Group Inc (NASDAQ 🙂 with an overweight rating and a $23.00 price target, noting that she believes the company’s premium and luxury vehicles offer greater efficiency, longer range, faster charging and more space than their peers. The company will compete in the global luxury car market, and its initial product, Lucid Air, began delivering to customers in October 2021.
EF Hutton on Excel Inc (NASDAQ 🙂 with a buy rating and a price target of $104.00, noting that the company has evolved from a software company to design automotive products into a leading manufacturer of surface protection, paint, and passenger car window films. Stocks closed the day more than 7% higher.
compass point operation Scientific basic Inc (NASDAQ:) with a buy rating and a target price of $4.00. Shares closed at $1.40.