Lilium: Future Of Regional Transportation
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Update - Sept. 23
MS goes full bull on $JOBY. Are they right because this has huge implications for $LILM as well?
-Joby Aviation (NYSE:JOBY) pops after Morgan Stanley says the sky is the limit for shares with the company a potential disruptor in a highly regulated market, although a wide range of outcomes is noted as a reality.
-Analyst Kristine Liwag points to the long-term potentially disruptive nature of eVTOL aircraft in supporting the firm's Bull case valuation range of $45 to $60 per share. The base case range of $5 to $25 reflects execution risks and a highly regulated civil aviation industry. Adding it all up, Morgan Stanley believes the risk reward skews to the upside and initiates the stock with an Overweight rating.