Scalper1 News
Cnova (CNV) stock rose Tuesday as two investment banks initiated coverage on the French and Brazilian e-commerce company, following the expiration of its IPO quiet period. BofA Merrill Lynch initiated coverage with buy rating and price target of 11. Deutsche Bank initiated coverage with a hold rating and price target of 8.50. Both firms were among the underwriters of Cnova’s Nov. 20 initial public offering. Cnova stock was up 10%, near 8, in Scalper1 News
Scalper1 News