BUZZ-Lucid rises after Morgan Stanley upgrades to 'equal-weight'

Reuters

2025/03/18

BUZZ-Lucid rises after <a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> upgrades to 'equal-weight'

** Electric-vehicle maker Lucid Group's LCID.O shares rise 3.7% to $2.24 in premarket trading

** Morgan Stanley upgrades LCID to "equal-weight" from "underweight"

** "We believe Lucid can re-rate with new leadership that has the potential to bring forth an executable AI strategy via partnerships," brokerage says

** Morgan Stanley says LCID has experience in developing, commercializing and servicing electric vehicles and can help prospective partners with managing their EV strategies

** One out of 15 brokerages rate the stock "buy", 10 "hold" and 4 "sell"; their median PT is $2.15

** Stock fell 28% in 2024

(Reporting by Harshita Mary Varghese in Bengaluru)

((HarshitaMary.Varghese@thomsonreuters.com))

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