Cango (CANG) Now Covered by Goldman Sachs Group
Research analysts at Goldman Sachs Group began coverage on shares of Cango (NYSE:CANG) in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $11.90 price target on the stock. Goldman Sachs Group’s price objective would indicate a potential upside of 22.55% from the stock’s previous close.
Separately, Morgan Stanley initiated coverage on Cango in a research report on Monday, August 20th. They issued an “overweight” rating on the stock.
NYSE:CANG opened at $9.71 on Monday. Cango has a 12 month low of $8.20 and a 12 month high of $13.90.
ango, Inc is a holding company, which engages in the development and operation of automotive transaction service platform for connecting dealers, financial institutions, and car buyers. It operates the digital automobile trading platform which enables registered dealers to access additional car sourcing channels with value-added services including logistics and warehousing support.
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