Barclays Maintains Overweight on Li Auto, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has maintained an Overweight rating on Li Auto (NASDAQ:LI) but has lowered the price target from $56 to $39.
March 22, 2024 | 11:07 am
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NEGATIVE IMPACT
Barclays maintains an Overweight rating on Li Auto but lowers the price target from $56 to $39.
The reduction in price target by Barclays, despite maintaining an Overweight rating, could lead to short-term negative sentiment among investors, potentially impacting Li Auto's stock price negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100