LI AUTO-W (02015) experienced a significant intraday surge, with its stock price soaring 5.04% during Tuesday's trading session.
The sharp upward movement appears to be driven by a positive analyst action, as Macquarie released a research report upgrading its rating on Li Auto-W from Underperform to Neutral. The firm noted that while it trimmed its H-share price target to HK$57, it believes the first quarter of this year likely represents the low point for the company's performance, with recent fundamentals expected to have bottomed out and begun a recovery. Macquarie expects profitability to improve in the second quarter, anticipating a sales mix shift toward higher-margin models like the L9 and the upcoming L8.
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