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<Research>Macquarie Cuts LI AUTO-W (02015.HK) TP to $94, Lowers Sales Forecasts
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LI AUTO-W (02015.HK)'s 2Q24 sales amounted to 109,000, up 35% QoQ and 25% YoY, with sales trends rising closer to 50,000 units per month, Macquarie released a research report saying. Macquarie lowered FY2024-FY2025 sales forecasts for LI AUTO-W by 5% and 9% each, taking into account the tougher EV market, according to the report. Macquarie cut its target price on LI AUTO-W's H-shares to $94, with rating at Outperform. Due to the lower sales volume forecast, Macquarie also lowered its FY2025 revenue forecast by 10%, and corresponding dropped EPS forecast by 21%. AAStocks Financial News |
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