Morgan Stanley Upgrade

[RMSko]

From CNBC

“Morgan Stanley upgrades Lucid Group to equal weight on emerging AI strategy-

Morgan Stanley analyst Adam Jonas upgraded electric vehicle manufacturer Lucid Group to an equal weight rating from underweight in a Monday note, citing a potential executable AI strategy.”

 

[Electrified]

Up over 11% right now, puts me in the black and I can't remember the last time that happened

 

[AZLucidGuy]

Yes. Adam Joanas has been a long-time Lucid naysayer. He seemed negative on the last earnings call. So I am glad that he has had a slight change of heart in a bullish direction.

 

[DeaneG]

Yes. Adam Joanas has been a long-time Lucid naysayer. He seemed negative on the last earnings call. So I am glad that he has had a slight change of heart in a bullish direction.

Even if it is due to some misconception about AI and cars.

 

[Buffalo Bob]

You sure the analyst didn't get confused about Lucid's 'emerging' AA strategy?

 

[californiaboy935]

You sure the analyst didn't get confused about Lucid's 'emerging' AA strategy?

Oh it's coming... and its going to prop up the stock price... I believe!


jk. lol.

 

[Buffalo Bob]

I love how Wall Street is with AI these days. Just like the '.com' boom in the late 90's, all you have to do is blather some nonsense about AI, and your stock goes up. You can be a shoehorn manufacturer. Doesn't matter.

 

[MackWang]

I'm in this long haul and I love hearing that analysts are starting to turn towards bullish because this company has so much F'ing potential its insane.

 

[Batteryman]

Yes. Adam Joanas has been a long-time Lucid naysayer. He seemed negative on the last earnings call. So I am glad that he has had a slight change of heart in a bullish direction.

His company just bought a lot of Lucid stock at all time lows, so now, he pumps it up…..