Luckin Coffee (NYSE:LK) Research Coverage Started at CICC Research

Equities researchers at CICC Research initiated coverage on shares of Luckin Coffee (NYSE:LK) in a research note issued to investors on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.

A number of other equities research analysts have also commented on LK. Zephirin Group assumed coverage on Luckin Coffee in a research report on Friday, May 17th. They issued a “buy” rating and a $32.00 price target on the stock. KeyCorp assumed coverage on Luckin Coffee in a research report on Tuesday. They issued an “overweight” rating and a $22.00 price target on the stock. Morgan Stanley assumed coverage on Luckin Coffee in a research report on Tuesday. They issued an “equal weight” rating and a $21.00 price target on the stock. Credit Suisse Group assumed coverage on Luckin Coffee in a research report on Tuesday. They issued an “outperform” rating and a $24.00 price target on the stock. Finally, Needham & Company LLC assumed coverage on Luckin Coffee in a research report on Tuesday. They issued a “buy” rating and a $27.00 price target on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $25.20.

NYSE LK opened at $17.89 on Wednesday. Luckin Coffee has a 12 month low of $13.71 and a 12 month high of $25.96.

Luckin Coffee Company Profile

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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The Fly

Analyst Recommendations for Luckin Coffee (NYSE:LK)

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