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BYD price target raised to $85 from $40 at Barclays

BYD price target raised to $85 from $40 at Barclays

Barclays analyst Jiong Shao raised the firm’s price target on BYD (BYDDF) to $85 from $40 and keeps an Overweight rating on the shares. The company is investing in technologies that will continue to build a “moat” around the business, the analyst tells investors in a research note.

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