General Fusion Group (NASDAQ:GFUZ) Coverage Initiated by Analysts at Zacks Research

Equities researchers at Zacks Research started coverage on shares of General Fusion Group (NASDAQ:GFUZ) in a research report issued to clients and investors on Wednesday, Zacks reports. The brokerage set a “hold” rating on the stock.

Separately, Wedbush began coverage on shares of General Fusion Group in a research note on Tuesday. They issued a “neutral” rating and a $7.00 target price for the company. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, General Fusion Group presently has an average rating of “Hold” and an average target price of $7.00.

General Fusion Group Trading Down 7.7%

Shares of General Fusion Group stock opened at $5.22 on Wednesday. General Fusion Group has a 1-year low of $5.00 and a 1-year high of $14.85.

General Fusion Group Company Profile

We are a recently incorporated blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to as our initial business combination. We have not selected any potential business combination target, and we have not, nor has anyone on our behalf, had any substantive discussions, directly or indirectly, with any potential business combination target.