Li Auto shares are trading higher after B of A maintained a Buy rating on the stock and raised its price target from $30 to $31.
Portfolio Pulse from Benzinga Newsdesk
Li Auto shares rose as Bank of America maintained a Buy rating and increased its price target from $30 to $31.
August 29, 2024 | 1:58 pm
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POSITIVE IMPACT
Li Auto shares are trading higher following Bank of America's decision to maintain a Buy rating and increase the price target from $30 to $31.
The increase in price target and maintained Buy rating by a major financial institution like Bank of America is likely to boost investor confidence, leading to a positive short-term impact on Li Auto's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100