TD Cowen raised the firm’s price target on Ree Automotive to $7 from $5 and keeps an Outperform rating on the shares. The firm said although the company missed estimates and announced needs for additional funding it managed to prove demand growth and laid out a clear achievable plan for 2024.
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Read More on REE:
- Ree Automotive downgraded to Underweight from Neutral at Cantor Fitzgerald
- Ree Automotive plans to scale up production by end of 2024
- Ree Automotive reports Q3 adjusted EPS ($1.99), consensus ($3.62)
- REE Automotive Announces Third Quarter 2023 Financial Results
- REE Automotive, Ltd. Announces Date for Third Quarter 2023 Earnings Release and Conference Call
