General Fusion Group (NASDAQ:GFUZ) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen cut shares of General Fusion Group (NASDAQ:GFUZ) from a sell rating to a strong sell rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also recently issued reports on GFUZ. Zacks Research initiated coverage on General Fusion Group in a report on Wednesday. They set a “hold” rating for the company. Wedbush started coverage on General Fusion Group in a research report on Tuesday, November 3rd. They set a “neutral” rating and a $7.00 target price on the stock. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, General Fusion Group currently has a consensus rating of “Hold” and an average price target of $7.00.

General Fusion Group Price Performance

GFUZ opened at $5.30 on Friday. 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.