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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (107465)	5/19/2021 10:23:56 PM
From: Goose94	Read Replies (1) of 202373

Lion Electric Co. (LEV-T) Desjardins Securities analyst Benoit Poirier rates "buy" in new coverage with a target at Cdn$31 Mr Poirior says is "ideally positioned to lead electric transition in the medium- and heavy-duty vehicle market." The Montreal-based manufacturer debuted on the Toronto Stock Exchange on May 7 after the completion of a business combination with Northern Genesis Acquisition, a special purpose acquisition company. Mr. Poirier says in a note: "While wide adoption of EVs now looks inevitable, we note that the competitive landscape was completely different back in 2008 when Lion was founded. Lion has delivered more than 390 vehicles with over seven million miles driven -- a competitive advantage versus many of its peers still working on prototypes. ... We recommend long-term investors buy the shares ahead of potential catalysts (eg potential orders, production ramp-up). We believe the stock could be worth more than $40 (U.S.) by 2023 if Lion is able to deliver on our forecasts."

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