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Morgan Stanley sees potential in Lucid stock amid EV market challenges
Lucid Group's stock has seen a dramatic 91% decline over three years, but Morgan Stanley's Adam Jonas now sees potential for recovery, citing leadership changes and opportunities in AI-driven manufacturing. He upgraded Lucid's rating to Equal-weight, maintaining a $3 price target, suggesting a 39% upside. The company’s advancements in EV technology and potential partnerships position it favorably in the evolving market landscape.
ubs analyst bullish on micron stock despite near term challenges
UBS analyst Timothy Arcuri maintains a bullish outlook on Micron (MU) stock, despite recent underperformance due to mild DDR oversupply. He anticipates a recovery in pricing by late 2025, driven by strong demand for Micron's HBM products, with a projected price target of $125, indicating a 28% upside. The stock holds a Strong Buy consensus among analysts, with an average target of $136, suggesting a potential 40% increase in the coming months.
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