Lilium downgraded to Underweight from Equal Weight at Barclays
Barclays analyst David Zazula downgraded Lilium to Underweight from Equal Weight with a value goal of $1, down from $2. Whereas Lilium maintains vital long-term potential if regulatory approval could be achieved, the potential for additional dilution “warrants warning,” Zazula tells buyers in a analysis notice. Given the corporate’s “sizable unfunded spending wants by certification,” fairness holders ought to take heed to extra issuance and corresponding discount in possession stake, says the analyst.
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