Lilium price target lowered to $1.85 from $2 at Canaccord

Canaccord lowered the firm’s price target on Lilium to $1.85 from $2 and keeps a Buy rating on the shares. The firm reported 1H24 results where the cash burn came in a bit higher than the midpoint of management’s guidance for the period, although represents a 73% increase to the spend in 1H23.