Deutsche Bank Initiates Coverage On Lotus Technology with Hold Rating, Announces Price Target of $7
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank has initiated coverage on Lotus Technology (NASDAQ:LOT) with a Hold rating and set a price target of $7.

April 22, 2024 | 9:10 am
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Deutsche Bank initiated coverage on Lotus Technology with a Hold rating and a price target of $7.
The initiation of coverage by a major bank like Deutsche Bank can significantly influence investor sentiment and market perception of Lotus Technology. The Hold rating suggests a neutral outlook, indicating that the stock is appropriately valued at its current price. The price target of $7 provides a benchmark for investors, but since it's a Hold rating, the immediate impact on the stock's price might be limited. However, this coverage could increase visibility and interest in LOT among investors.
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IMPORTANCE 75
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