Israel's Gauzy rises as IPO research quiet period ends

Gauzy

01/07/2024 15:26

** Shares of Israeli smart glass company Gauzy  GAUZ.O  rise
as much as 5.2%, last up ~1% at $12.13
    ** Wall Street brokerages start coverage of GAUZ as IPO
research quiet period ends
    ** Stifel initiates coverage with "buy" rating and $24 PT, a
99.7% upside to GAUZ stock's last close
    ** TD Cowen starts coverage with "buy" rating and $18 PT, a
49.8% upside to stock's last close
    ** Barclays, TD Cowen and Stifel were the underwriters for
the IPO
    ** Including session gains, GAUZ shares are down 28.6% since
their debut on June 6

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))