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LK

Luckin Coffee

$45.22 /

-0.5 (-1.09%)

07:37
01/16/20
01/16
07:37
01/16/20
07:37

Luckin Coffee price target raised to $56 from $32 at KeyBanc

KeyBanc analyst Eric Gonzalez raised his price target for Luckin Coffee to $56 from $32 based on "strong" core business momentum and the addition of new revenue streams into his valuation methodology. Despite the stock's upward momentum, the analyst believes the profit potential of these channels implies little to no multiple expansion has occurred since the Unmanned Retail Strategy was first announced and the stock remains inexpensive relative to its growth potential and to category leading global peers. He has an Overweight rating on the shares.

LK Luckin Coffee
$45.22 /

-0.5 (-1.09%)

06/12/19 SBSH
Citi survey shows little impact to Starbucks in China from trade war
06/12/19 CICC
Luckin Coffee initiated with a Buy at CICC
11/22/19 KEYB
Luckin Coffee price target raised to $32 from $24 at KeyBanc
11/29/19 MSCO
Luckin Coffee price target raised to $27 from $21 at Morgan Stanley

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