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<Research>HSBC Research Axes Li Auto (LI.US) TP to US$18.6, Downgrades Rating to Hold
Recommend 0 Positive 4 Negative 2 |
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Li Auto (LI.US) is having an exceptionally challenging period, HSBC Global Research issued a research report saying. The Company recorded a net loss in 3Q25, primarily due to recall costs of RMB1.1 billion following an on-road fire accident in late October. Deliveries of its new i6 model were constrained by battery supply limitations, while sales of the EREV L series were contracted faster than anticipated on intense competition. Due to intense competition, the broker lowered its 2025 earnings forecast for the Company to RMB921 million, and reduced its 2026-2027 earnings projections by 38%/ 31%, respectively. Therefore, HSBC Global Research downgraded Li Auto from Buy to Hold, and axed its target prices for Li Auto's US stock/ H-shares from US$30.3/ $118 to US$18.6/ $83. AAStocks Financial News Website: www.aastocks.com |
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