10/28/2022 0 Comments Workhorse contractThat makes the USPS decision a bigger deal for the stock. We didn’t see things going so well so quickly now. The average analyst price target for Workhorse stock dropped from north of $25 to about $24 following the downgrade.īarron’s recently wrote positively about Workhorse believing there was a good chance for a USPS win. Whether it's new additions to your home or remodeling your bathroom, kitchen or outdoor living spaces, our expert crews at Workhorse are ready to tackle the project of your dreams. 25 Buy American executive order seems to play right into Workhorse’s hands. Workhorse Residential Contractor proudly serves Vero Beach and the surrounding area for all its new construction and home remodeling needs. The average Buy-rating ratio for a Dow-component stock is about 58%, with an average coverage of about 30 analysts. The Postal contract is worth over 6 billion, and the new President’s Jan. robust and durable workhorse pickup Weve come to depend upon Ford for their. Workhorse contract full#With the downgrade now three out of five analysts covering the stock rate shares at Buy. with leasing plans ranging from full service truck leases to contract. “We always viewed political optics of an award before the election as essential, and now see increased risk for an award,” wrote Irwin in his Tuesday downgrade report, adding, “Workhorse’s proposal would be a good solution.” The delay, however, was enough for Irwin to downgrade the stock from Buy to Hold. The contract, which could be worth more than 6 billion in total, allows for delivery of between 50,000 and 165,000 of the vehicles over 10 years that will be a mix of internal combustion-powered. It’s fair to say Workhorse is a high-expectation stock. Shares are up 700% year to date, crushing comparable returns of the But it’s unclear what the impact on the stock would be if Workhorse wins part of the contract. That’s good for Workhorse’s business because it raises the odds of success. It raises the possibility of multiple winners. The potential addition of an “s” to award is significant.
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