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Benzinga
Benzinga
Business
Akanksha Bakshi

Benchmark Cuts Lightning Emotors Price Target By 36%

Benchmark Michael Ward NYSE REV Group
  • Lightning Emotors Inc (NYSE:ZEV) price target has been lowered to $9 (an upside of 91.7%) from $14 by Benchmark.
  • Analyst Michael Ward reduced the price target to echo new revenue assumptions as chip shortages have extended into 2022.
  • Meanwhile, the analyst maintained the Buy rating on the shares as he thinks postponed deliveries will eventually be made up.
  • Also read: REV Group Delivers All-Electric, Zero-Emission Ambulance To DocGo.
  • Price Action: ZEV shares are trading lower by 10.6% at $4.73 on the last check Monday.
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