Jefferies Starts Luckin Coffee (LKNCY) at Buy

Jefferies analyst Anne Ling initiates coverage on Luckin Coffee (OTC: LKNCY) with a Buy rating and a price target of $43.60.

The analyst comments "Luckin Coffee is well-positioned as a leading beneficiary of China’s structurally underpenetrated coffee market, supported by a differentiated, digital-first operating model, strong execution at scale, and a proven ability to drive product innovation. As the largest coffee chain in China by store count and GMV, Luckin has established a dominant market position and continues to capitalize on favorable industry dynamics. We initiate with a Buy and PT at USD43.60."

For an analyst ratings summary and ratings history on Luckin Coffee click here. For more ratings news on Luckin Coffee click here.

Shares of Luckin Coffee closed at $30.61 yesterday.

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