Erste Group initiated coverage of BYD (BYDDF) with a Buy rating. The company has “outstanding expertise” in battery technology for electric vehicles, the analyst tells investors in a research note. The firm says BYD has a very broad range of attractively priced vehicles and is the leading global manufacturer of battery-powered electric cars.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BYDDF:
- BYD sold more EVs in Europe than Tesla for first time, FT says
- European Automakers Could Be in Trouble as BYD (BYDDF) Launches New Low-Cost EV
- Citi Lifts BYD’s Price Target on Robust Export Prospects
- Why BYD’s Stock Strength Doesn’t Bridge Its Autonomy Shortfall
- Under-the-Radar Li Auto Wins More Plaudits With Record Profit Haul