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Li Auto Inc. (NASDAQ:LI – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $31.04, but opened at $30.07. Li Auto shares last traded at $29.87, with a volume of 854,877 shares trading hands. Analyst Upgrades and Downgrades Several equities analysts recently issued reports on the company. […]
Chinese state intervention has tentatively put a floor under stocks, but corporate earnings show little sign of providing upwards momentum as pressure is building for investors to pocket profits from the decent gains the market has made.
Li Auto, Nio and Xpeng, China’s top three premium EV manufacturers, have reported a strong rebound in deliveries in March, while BYD said the sales of its pure electric and plug-in hybrids had surged as well.
Several other Chinese carmakers, including Xpeng and Nio, reported strong results
Li Auto (NASDAQ:LI – Free Report) had its price objective trimmed by Citigroup from $57.30 to $48.50 in a research report released on Friday, Benzinga reports. The firm currently has a buy rating on the stock. LI has been the topic of a number of other research reports. The Goldman Sachs Group began coverage on […]