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<Research>M Stanley Rates LI AUTO-W as Overweight, Cuts TP to HKD86
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The recent stock price reaction of LI AUTO-W (02015.HK) suggests that the market has already absorbed the carmaker's move to lower its performance guidance during its product transition period, Morgan Stanley wrote in its research report. In Morgan Stanley's opinion, the key factors for achieving favorable risk-reward include the market's generally cautious stance, the new product cycle, and the physical AI plan. Morgan Stanley has dropped its target price for LI AUTO-W from HKD100 to HKD86, with a rating of Overweight. AAStocks Financial News |
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