Weekly Recap | Luckin Coffee +1.56%, consensus target above spot
Weekly Review·
- Luckin Coffee ADR rose 1.56 % to close at $ 35.86 this week, outperforming the S & P 500 by approximately 2.99 percentage points.
- Fifteen institutions currently rate the stock with a consensus of strong buy and a target price of $ 48.21, which is 34.4 % above its latest closing price.
- Market watchers will monitor upcoming US real estate and consumer confidence data scheduled for August 25 to assess potential spillover effects on the restaurant sector.
