Credit Suisse Group Begins Coverage on Luckin Coffee (NYSE:LK)
Credit Suisse Group assumed coverage on shares of Luckin Coffee (NYSE:LK) in a research report released on Tuesday morning, The Fly reports. The brokerage issued an outperform rating and a $24.00 target price on the stock.
LK has been the subject of a number of other reports. Morgan Stanley initiated coverage on Luckin Coffee in a research report on Tuesday. They set an equal weight rating and a $21.00 target price for the company. KeyCorp initiated coverage on Luckin Coffee in a research report on Tuesday. They set an overweight rating and a $22.00 target price for the company. Needham & Company LLC initiated coverage on Luckin Coffee in a research report on Tuesday. They set a buy rating and a $27.00 target price for the company. Finally, Zephirin Group initiated coverage on Luckin Coffee in a research report on Friday, May 17th. They set a buy rating and a $32.00 target price for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Luckin Coffee presently has an average rating of Buy and a consensus target price of $25.20.
NYSE:LK opened at $17.60 on Tuesday. Luckin Coffee has a fifty-two week low of $13.71 and a fifty-two week high of $25.96.
Luckin Coffee Inc engages in the retail sale of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers freshly brewed drinks, including freshly brewed coffee and non-coffee drinks; and food and beverage items, such as light meals. The company operates pick-up stores, relax stores, and delivery kitchens under the Luckin brand, as well as Luckin mobile app, Weixin mini-program, and other third-party platforms that cover the customer purchase process.
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