From Investing.com: 2024-06-20 07:17:04

HSBC analysts lowered their price target for BYD shares, citing lower net profit estimates. The bank adjusted the target for A-shares to RMB301 and H-shares to HKD322. Despite the decrease in profit estimates, HSBC maintained a Buy rating on the stock, highlighting BYD’s commitment to innovation and competitive pricing in the EV market.

With a strong focus on PHEV technology and competitive pricing, BYD is positioned to capitalize on the growing demand for electric vehicles. HSBC expects BYD to gain market share, especially as the industry shifts towards electric vehicles and the company continues to innovate in the compact and medium-sized segments.



Read more at Investing.com: HSBC lowers estimates, cuts target price on BYD, maintains Buy rating By Investing.com