Morgan Stanley Maintains Overweight on Li Auto, Raises Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Tim Hsiao has maintained an Overweight rating on Li Auto (NASDAQ:LI) and increased the price target from $63 to $74.
March 11, 2024 | 10:19 am
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Morgan Stanley has reaffirmed its Overweight rating on Li Auto and raised the price target from $63 to $74.
The upgrade in price target by a reputable analyst like Tim Hsiao from Morgan Stanley typically signals a strong bullish outlook on the stock, suggesting a positive short-term impact on Li Auto's stock price. The increase from $63 to $74 represents a significant upward revision, indicating improved fundamentals or growth prospects for Li Auto.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100