- BofA Securities released a research report detailing investment ratings and target prices for various auto, auto parts, and dealer stocks.
- The report covers multiple companies such as BYD COMPANY, GEELY AUTO, and XPeng Inc. with adjusted target prices across Buy, Neutral, and Underperform ratings.
- Key valuation updates include BYD COMPANY's target price moving from HKD 119 to HKD 123 and SERES shifting from Buy to Underperform with a target price of HKD 46.
- BofAS released a research report updating investment ratings and target prices for multiple auto stocks.
- The report assigns Buy ratings to companies such as BYD COMPANY and XPENG-W while adjusting target prices downward for most tracked firms.
- Other automakers like GWMOTOR and LI AUTO-W receive Neutral ratings, and SERES experiences a downgrade from Buy to Underperform.