Macquarie Downgrades Li Auto to Neutral, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Eugene Hsiao has downgraded Li Auto from Outperform to Neutral, while raising the price target from $25 to $33.
October 04, 2024 | 10:00 am
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NEUTRAL IMPACT
Macquarie has downgraded Li Auto from Outperform to Neutral, indicating a more cautious outlook. However, the price target has been raised to $33, suggesting potential for growth.
The downgrade from Outperform to Neutral suggests a less optimistic view on Li Auto's short-term performance. However, the raised price target to $33 indicates that there is still potential for growth, balancing the impact to a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100