HC Wainwright & Co. Initiates Coverage On REE Automotive with Buy Rating, Announces Price Target of $15
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Amit Dayal has initiated coverage on REE Automotive (NASDAQ:REE) with a Buy rating and set a price target of $15.

December 19, 2023 | 11:14 am
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POSITIVE IMPACT
REE Automotive received a Buy rating from HC Wainwright & Co. with a price target of $15, indicating a positive outlook from the analyst.
The initiation of coverage by an analyst with a Buy rating typically suggests a positive outlook on the stock's future performance. The price target of $15 implies a significant upside potential from the current trading price, which may attract investor interest and potentially drive up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100