Analysts initiate coverage on Ackman's Pershing Square
Wall Street analysts initiated coverage on Bill Ackman's Pershing Square with neutral ratings. They cited strong returns but noted the limited upside potential.
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Wall Street analysts initiated coverage of Pershing Square with mostly neutral ratings following its April 29 IPO that saw shares rise 50% from the IPO price to $36. The stock debuted at $24 and has outperformed the related Pershing Square USA fund, which fell 20% since its launch. Investors now face a balanced risk-reward profile as analysts weigh Ackman's leadership against limited near-term growth catalysts.
