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Guotai Haitong Remains a Buy on Li Auto, Inc. Class A (L87)
In a report released yesterday, from Guotai Haitong maintained a Buy rating on Li Auto, Inc. Class A, with a price target of HK$70.23. The company’s shares closed yesterday at HK$61.90.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Li Auto, Inc. Class A with a €8.31 average price target.
Based on Li Auto, Inc. Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$30.25 billion and a net profit of HK$1.09 billion. In comparison, last year the company earned a revenue of HK$31.68 billion and had a net profit of HK$1.1 billion
Read More on DE:L87:
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- Li Auto Posts Strong May Deliveries and Accelerates New Model Rollout
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- Li Auto Shareholders Approve All AGM Resolutions, Reaffirm Board Lineup
- Li Auto price target lowered to $14 from $18 at Barclays
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