B of A Securities Maintains Buy on Li Auto, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
B of A Securities maintains a Buy rating on Li Auto (NASDAQ:LI) but lowers the price target from $41 to $36.
May 21, 2024 | 10:49 am
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B of A Securities maintains a Buy rating on Li Auto but lowers the price target from $41 to $36, indicating a positive long-term outlook but a more cautious short-term valuation.
The Buy rating suggests confidence in Li Auto's long-term prospects, but the lowered price target reflects a more cautious short-term valuation. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100