Autohome price target raised to $32 from $28 at Daiwa

Daiwa raised the firm’s price target on Autohome (ATHM) to $32 from $28 and keeps an Outperform rating on the shares as part of a Q3 earnings preview. The firm expects Autohome’s Q3 total revenue to fall by 7.6% year-over-year due to lower than expected media revenue, “which will be a disappointment for investors.”