Li Auto shares are trading higher after Barclays maintained an Overweight rating on the stock and raised its price target from $34 to $48.
Portfolio Pulse from Benzinga Newsdesk
Barclays has maintained an Overweight rating on Li Auto and raised its price target from $34 to $48. This has resulted in Li Auto shares trading higher.
August 10, 2023 | 12:32 pm
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Barclays has maintained an Overweight rating on Li Auto and raised its price target, leading to a rise in Li Auto's share price.
The Overweight rating maintained by Barclays indicates a positive outlook for Li Auto. The increase in the price target from $34 to $48 suggests that Barclays expects the stock to outperform, which is likely to attract investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100