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<Research>Citi Initiates Buy on CATL (03750.HK) with TP HKD425
Recommend 32 Positive 60 Negative 26 |
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Citi published a research report, initiating a Buy rating for CATL (03750.HK)(300750.SZ) H-shares, with a target price of HKD425. While CATL is providing new energy solutions, it is gradually transforming into a bellwether in new energy technology, the broker noted. Among global peers, the group is at the forefront in research and development, having launched innovative battery technologies, which help the company maintain a price advantage and profit premium in fierce competition. The broker also raised the target price for CATL A-shares from the previous RMB362 to RMB391. AASTOCKS Financial News Website: www.aastocks.com |
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