China’s Luckin Coffee Takes on Starbucks at Home and Abroad

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Luckin Coffee LK bounced after Morgan Stanley Upgraded After CoronaVirus Sell Off

Close 39.61 +2.49 (+6.71%)

Luckin Coffee Inc. (LK)

Morgan Stanley lifts its price target to $42 from $27.

Analyst Lillian Lou estimates the value of the Luckin Tea franchise stores is $15 per share.

LK 52-week trading range of $13.71 to $51.38.