B of A Securities Maintains Buy on Li Auto, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ming Hsun Lee maintains a Buy rating on Li Auto (NASDAQ:LI) but lowers the price target from $60 to $55.

March 18, 2024 | 11:28 am
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NEUTRAL IMPACT
B of A Securities maintains a Buy rating on Li Auto but lowers the price target from $60 to $55.
While the reduction in price target from $60 to $55 by B of A Securities could suggest a slightly less optimistic outlook on Li Auto's future stock performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and growth prospects. This mixed signal might lead to a neutral short-term impact on Li Auto's stock price as investors weigh the lowered price target against the reaffirmed positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100