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Why Lucid Group Stock Is Higher Today

TheMotleyFool

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Shares of electric vehicle maker Lucid Group (NASDAQ: LCID) rose after a bullish note from a prominent Wall Street analyst, and after the company confirmed the top-of-the-line version of its Air sedan will be the first electric vehicle with an EPA-rated range of more than 500 miles.

As of 1:30 p.m. EDT, Lucid's shares were up about 5.9% from Wednesday's closing price.

Bank of America's well-regarded auto analyst, John Murphy, initiated coverage of Lucid with a buy rating and a price target of $30.

Source Fool.com

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