Spectaire Holdings initiated with a Hold at Jefferies

Jefferies initiated coverage of Spectaire Holdings with a Hold rating and $2.50 price target. Spectaire offers a new technology supportive of the drive towards a net zero economy by allowing accurate, measurable, real-time emissions data, the analyst tells investors in a research note. The Early stages of business model and adoption rates, and the company’s near-term cash needs drive the firm’s Hold rating.