Barclays Downgrades Li Auto to Equal-Weight, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao downgraded Li Auto (NASDAQ:LI) from Overweight to Equal-Weight and reduced the price target from $39 to $25, indicating a more cautious outlook on the company's stock.
April 25, 2024 | 6:47 pm
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Barclays downgraded Li Auto from Overweight to Equal-Weight and lowered the price target from $39 to $25, suggesting a tempered expectation for the stock's performance.
The downgrade by Barclays, a significant financial institution, reflects a less optimistic view on Li Auto's future stock performance. This could lead to a negative short-term impact on investor sentiment and the stock price, as market participants often react to changes in analyst ratings and price targets.
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