Barclays Initiates Lion Electric With An Overweight Rating - Read Why

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  • Barclays analyst Brian Johnson initiated Lion Electric Co LEV with an Overweight rating and a price target of $17, implying an upside of 27%.
  • Johnson mentions that the company has come to market with a "compelling" electric vehicle bus technology and is also applicable to medium / heavy-duty truck applications as fleets increasingly look to source EVs.
  • The analyst states Lion has a first-mover advantage in e-trucks, "which if sustained, should drive real moats vs. competition."
  • Price Action: LEV shares are trading higher by 0.07% at $13.35 on the last check Friday.
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