Li Auto Inc. (LI) May weekly 25 straddle into quarter results
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CFRA Downgrades Li Auto (LI) to Sell
May 20, 2024 1:05 PM EDTCFRA analyst Aaron Ho downgraded Li Auto (NASDAQ: LI) from Hold to Sell with a price target of $18.00 (from $50.00).
The analyst comments "We cut our 12-month target price to USD18 from USD50. The valuation reflects a 2024 P/B of 2x, a... More
Morgan Stanley Reiterates Overweight Rating on Li Auto (LI)
May 20, 2024 5:26 AM EDTMorgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $65.00 price target on Li Auto (NASDAQ: LI).
The analyst comments "Li Auto's 1Q24 net income (GAAP) fell 90% QoQ to Rmb591mn, (vs. markets expected GAAP profit of Rmb600-800mn), implying Rmb7.4k profit per car, achieving the the low... More
