BofA lowered the firm’s price target on EHang (EH) to $20 from $24 and keeps a Buy rating on the shares. Ehang reported Q2 sales that miss BofA estimates, mainly due to less-than-expected eVTOL deliveries, the analyst tells investors. Factoring in the Q2 miss and the updated eVTOL delivery guidance, the firm cut its 2025, 2026 and 2027 volume sales estimates 41%, 39% and 41%, respectively, but continues to expect Ehang to benefit significantly from the rapid development of the eVTOL aircraft industry in China.
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