Baird initiates Swvl with 'outperform' rating - thefly.com

Swvl Holdings

09/09/2022 11:30

** U.S.-listed shares of Dubai-based transport co Swvl
Holdings Corp  SWVL.O  jump 37.7% to $2.12 premarket 
    ** SWVL among most actively traded stocks across U.S.
exchanges before the bell 
    ** Baird starts coverage of Swvl with "outperform" rating,
according to thefly.com https://thefly.com/permalinks/entry.php/id3578618/SWVL-Baird-starts-Swvl-at-Outperform-with--price-target
 
    ** Brokerage sets stock PT at $8 and says the
software-focused mobility co is addressing mass transit 
    ** According to the report, Baird says potential total
addressable market for Swvl is "nearly" $1 trillion, offering
the company a "significant opportunity"  
    ** SWVL bought Volt Lines, a Turkish subscription-based
transportation provider for corporate employees, for an
undisclosed sum earlier this year 
    ** As of Thursday's close, SWVL shares down 84% this year  

 (Reporting by Shreyashi Sanyal)
 ((Shreyashi.Sanyal@thomsonreuters.com;))