Li Auto downgraded at HSBC saying co’s recovery still out of sight
Market Intelligence Analysis
AI-PoweredHSBC downgraded Li Auto to Hold from Buy, citing delivery disruptions, weaker sales, and a major recall, which have clouded the company's recovery prospects and forced a steep cut to earnings forecasts.
Market impact analysis based on bearish sentiment with 79% confidence.
Article Context
Investing.com -- Li Auto has been struggling with a major recall, delivery disruptions and weaker sales in its core lineup. On Thursday HSBC downgraded the ev company to Hold from Buy and cut its target price to $18.60 from $30.30, saying the setbacks has clouded the Li’s recovery prospects and forced a steep cut to earnings forecasts.
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