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Ree Automotive price target lowered to $4 from $6 at TD Cowen
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Ree Automotive price target lowered to $4 from $6 at TD Cowen

TD Cowen analyst Jeffrey Osborne lowered the firm’s price target on Ree Automotive to $4 from $6 and keeps an Outperform rating on the shares. The analyst said as the customer base expands and the dealer network grows the company is eyeing commercialization in 4Q23 and we see a major production ramp and gross margin breakeven in mid-2024.

Published first on TheFly

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