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Benzinga

Business

Akanksha Bakshi

Benchmark Cuts Lightning Emotors Price Target By 36%

Benchmark DocGo 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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