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Ree Automotive initiated with a Buy at Alliance Global Partners

Alliance Global Partners initiated coverage of Ree Automotive (REE) with a Buy rating and $8.50 price target REECorner technology is “elegant and disruptive” and allows the company to deliver a “differentiated turnkey EV offering to other OEMs,” says the analyst, who highlights “a couple of catalysts on the horizon.” These include the start up of production in the first half of 2025, the production ramp in the second half of this year and the finalization of the large MOU by year-end.

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