BTIG analyst Gregory Lewis maintained a Buy rating on REE Automotive (REE – Research Report) yesterday and set a price target of $6.00. The company's shares closed last Tuesday at $1.87, close to its 52-week low of $1.25. According to TipRanks.com, Lewis has 0 stars on 0-5 stars ranking scale with an average return of -6.5% and a 40.4% success rate. Lewis covers the Industrial Goods sector, focusing on stocks such as Eagle Bulk Shipping, Chart Industries, and Workhorse Group. REE Automotive has an analyst consensus of Hold, with a price target consensus of $4.50.
https://www.tipranks.com/news/blurbs/btig-thinks-ree-automotives-stock-is-going-to-recover?utm_source=advfn.com&utm_medium=referral
REE Automotive (NASDAQ:REE)
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