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What’s Going On With EV-Maker Canoo’s Stock?

Benchmark analyst Michael Legg initiated coverage on Canoo with a Buy rating and a price target of $5 Wednesday. Legg highlighted the company's pipeline which features $750 million in contracted orders with clients including Walmart Inc., the United States Postal Service and the U.S. military. The analyst said that the market appears to have "lost sight of the magnitude of the opportunity" in Canoo.

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