Cheetah Net Supply Chain Service initiated with bullish view at Maxim, here’s why

Maxim analyst Tate Sullivan initiated coverage of Cheetah Net Supply Chain Service with a Buy rating and $5 price target. Maxim believes Cheetah Net Supply Chain Services has identified a way to provide U.S. logistics services such as inland transportation, warehousing, and shipping based on its experience running a luxury car export business to China, the analyst tells investors in a research note. The firm expects Cheetah to raise equity in 2H24 to reduce debt and increase liquidity in order to consider more acquisitions.