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<Research>Jefferies Slashes LI AUTO-W (02015.HK) TP to $141.43, Lowers Sales & Earnings Forecasts
Recommend 8 Positive 10 Negative 7 |
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Based on LI AUTO-W (02015.HK)'s updated full-year sales guidance and recent price cuts, Jefferies believed that the focus of its 1Q24 results will be on its pricing strategy and product plans for 2H24, Jefferies issued a research report saying. Huawei's price-cutting strategy reflects an inevitable cutthroat price war , but the Company's sufficient cash and strong execution capabilities is believed to allow it to survive the headwinds. Jefferies lowered its 2024/ 2025 net profit forecasts to RMB12.4 billion/ RMB20.7 billion, and its sales forecasts to 507,000/ 776,000 units, respectively. Jefferies slashed its target price from $239.34 to $141.43, with rating kept at Buy. AAStocks Financial News |
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