Wolfe Research Starts Ciig Merger Corp. (CIIC) at Outperform, 'The Right EV Market with the Right Costs'

January 14, 2021 7:15 AM EST
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Price: $21.60 --0%

Rating Summary:
    1 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 26 | New: 11
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(Updated - January 14, 2021 7:35 AM EST)

Wolfe Research analyst Scott Group initiates coverage on Ciig Merger Corp. (NASDAQ: CIIC) with a Outperform rating.

The analyst comments "We’re initiating coverage today of Arrival Group (exposure through CIIG Merger Corp. SPAC, ticker CIIC). Arrival is a light and medium-duty van and bus manufacturer that we believe could be one of the best positioned long-term electrification plays given its 1) favorable short-haul end markets, 2) competitively priced vehicles vs. ICE incumbents, and 3) unique cost advantages driven by its innovative approach to manufacturing."

For an analyst ratings summary and ratings history on Ciig Merger Corp. click here. For more ratings news on Ciig Merger Corp. click here.

Shares of Ciig Merger Corp. closed at $27.50 yesterday.

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